Bitcoin

Venezuelan soldiers are mobilizing. No, this is not the start of World War III – these troops are being put to work mining bitcoin (BTC) in the Nicolás Maduro regime’s latest, and possibly most audacious crypto-themed fundraising effort yet.

Bitcoin price is still trading in a broad range below the USD 18,800 resistance. Ethereum settled above USD 600 and it could surpass USD 625, XRP moves above USD 0.675. XLM rallied over 75% and it broke the USD 0.185 resistance level.

Major Australian investment fund Pendal Group considers that government bonds could become a "dead asset class" as they continue to lose their relevance in portfolios due to trillion-dollar quantitative easing programs run by central banks, pushing investors towards bitcoin (BTC).

The shares of MicroStrategy, the American software firm that is known across the Cryptoverse and beyond for using its balance sheet to buy bitcoin (BTC), have accelerated after the company announced their new BTC plans last Monday.

Bitcoin price is holding gains above USD 18,000 and USD 18,200. Ethereum rallied above USD 575, XRP surged over 35% to close above USD 0.450. WAVES and NMR are up over 25%.

Demand outpacing supply is “THE story in Bitcoin right now,” as BTC is already knocking on the door of its all-time high of USD 20,000, Dan Morehead, CEO and Co-founder of major crypto investment firm Pantera Capital, stressed.

A local government politician in Argentina has tabled a measure that – if passed – could see a province in the country launch a crypto trading platform. The measure is the brainchild of Roque Gervasoni, a provincial deputy (council member) of the northern Misiones province, who has created a bill that will be debated by the provincial assembly.

American retired rapper, record producer and streamer Sir Robert Bryson Hall II, aka Logic, said he bought USD 6m worth of bitcoin (BTC) last month.

3.4m bitcoin (BTC) readily available to buyers as demand increases, blockchain analytics specialist Chainalysis said, noting that first-time BTC buyers and buyers looking to unload fiat currency for BTC as a hedge against worrisome macroeconomic trends are responsible for much of the current demand.

Customers spending foreign currency and cryptoassets in Venezuelan stores have been warned to demand invoices and receipts in fiat bolivars, with the nation’s tax authorities worried that crypto pay and payment in overseas fiats like the USD or euros could facilitate tax evasion.