Today’s News:
Bitcoin Price Rise: Bitcoin has seen a sharp rise today, with its value exceeding $102,000, up 4% in the past 24 hours. The rise is attributed to the decline in the US dollar index and MicroStrategy’s announcement to buy more Bitcoin.
Russia’s Growing Interest in Digital Currencies: Russian companies have reportedly started using Bitcoin and other digital currencies in international payments following legislative amendments aimed at countering Western sanctions.
Expectations of Bitcoin Price Rise:
Millionaire investor and author of the book Rich Dad Poor Dad, Robert Kiyosaki, expressed confidence in Bitcoin, urging investors to use the recent price drop as a buying opportunity.
Big Moves by Ripple Whales (XRP): Ripple has witnessed big moves by major holders, with 30 million XRP worth $69 million being moved from the UPbit platform to an unknown wallet, which could indicate expectations of a cryptocurrency price increase in the near future.
Alternative Digital Currency Price Rise:
Most alternative currencies saw gains of around 3% to 11%.
Keep in mind that the cryptocurrency market is highly volatile and it is important to do the necessary research before making any investment decisions.