The US annual inflation rate was 8.6 percent, the highest level in the last 40 years, and the May inflation rate was announced as 1 percent. After the announcement of inflation figures in the crypto money markets, a downward volatility occurred, while the total market value decreased to $ 1.81 trillion. During the day, the total value stood at an average of $1.21 trillion.
Panama has given its first approval for the bill regulating cryptocurrencies. Panama Congressman Gabriel Silva is the leading figure in the bill that will pave the way for the use of crypto assets as a means of payment.
An exchange-traded product (ETP) containing gold and Bitcoin, which is a first in Europe, will be launched as of today. The product, which was launched for a long-term investment and inflation protection, is considered a first in the world by combining two popular investment tools such as Bitcoin and gold.
The Luna Foundation (LFG), which invests in Bitcoin to support the TerraUSD algorithmic stablecoin, made new purchases and expanded its wallet over the weekend. The foundation bought $ 173 million in Bicoins and brought the number of BTC in its hands almost 40,000.
Ricardo Salinas Pliego, the 3rd richest businessman in Mexico, made statements at the Miami Bitcoin 2022 conference. Touching on many critical details in his statements, Pliego says that he allocates 60% of his investment portfolio for the leading cryptocurrency.
Libertarian tech investor Peter Thiel challenged the most powerful figures in the US financial world over their criticism of Bitcoin at the Bitcoin conference in Miami, accusing them of trying to suppress what has become a powerful political movement.
Cryptocurrency markets entered a notable correction on April 5, with the total market cap drooping to less than $2 trillion with the outflows of funds after the total market cap had peaked above $2.15 trillion 48 hours ago.