๐ Big Moves in Crypto! ๐
The crypto world has been buzzing lately! Bitcoinโs price has been steady around $85,000, but it recently dropped to $76,000 after new U.S. tariffs on China, Canada, and Mexico sparked a global market selloff. Meanwhile, Yemenis are turning to DeFi platforms to access financial services amid U.S. sanctions, with over 63% of their crypto activity tied to DeFi. On the green side, Bhutan is exploring eco-friendly crypto mining using hydropower to boost its economy. Also, the SEC just approved a new ETF by VanEck to track crypto stocks, showing more mainstream adoption! ๐
Simple Explanation:
- Bitcoin Price: Bitcoin, the biggest cryptocurrency, has been holding at $85,000 but fell to $76,000 because of new U.S. trade taxes causing market fears.
- Yemen & DeFi: In Yemen, people are using decentralized finance (DeFi) apps to manage money since banks are hard to access due to conflict and sanctions.
- Bhutanโs Green Crypto: Bhutan wants to mine crypto using clean hydropower to create jobs and grow its economy sustainably.
- New ETF: A new investment fund (ETF) lets people invest in crypto-related companies, a sign that crypto is becoming more accepted.