A new report showed that the cryptocurrency “Bitcoin” became for the first time less volatile and more stable than the American “Nasdaq” and “S&P 500” indices in New York, which indicates the volume of fluctuations and changes in major global markets due to the current and unprecedented economic conditions. . The “Coin Telegraph” website, which specializes in monitoring news related to cryptocurrencies, said in a report seen by “Al Arabiya Net” that the US dollar index has risen and fallen at rates of up to 2% per day, and US stock indices rise and fall and fluctuate within high levels, which is what He recently made Bitcoin more stable than it was for the first time. The latest data showed that Bitcoin rose against the US dollar, reaching its highest level at $21,473, its highest level in nearly seven weeks. The cryptocurrency benefited from the latest US economic data, while the dollar suffered on the contrary, with the US dollar index losing 2% in a single day for the first time in years, helping to fuel the rising risk of…

It seems that the big cryptocurrencies are still suffering from the repercussions of the US Federal Reserve’s decision, at a time when the altcoins of cheap value took off against expectations. During these moments of trading, today, Thursday, the digital currency market witnessed a phenomenon that rarely occurs, as the two largest digital currencies, Bitcoin and Ethereum, faltered, while altcoins launched in a wave of collective gains. The market for digital currencies and high-risk assets suffered from violent pressure amid market expectations of the US Federal Reserve to tighten further during the last period, which was confirmed during Wednesday’s meeting. During this period, the correlation between the US stock market and the cryptocurrency market increased in light of the rise in the attractiveness of the dollar, which prompted the risk appetite to move away from assets fraught with high volatility. Although the markets had finished pricing the Fed’s move last week to increase interest rates by 75 basis points, Powell’s comments regarding continued tightening, and that it is still too early to talk about monetary easing, pushed the markets to…

Pierre Persson, an outgoing member of the French National Assembly who has long advocated favorable digital currency regulations, shared his thoughts on the adoption of digital currencies and blockchain technology. In the 204-page report titled “Money, Banking and Finance: Towards a New Era of Cryptocurrency,” Pierre attempted to make an inventory of French and European digital currency regulations and the legislator considered that the direction of digital asset policy in the European Union remained uncertain. He criticized the European Union for “reluctance” in digital asset policies rather than seizing the market opportunity and noted that the EU’s current stance on digital assets is mostly defensive. The European Union has not adopted a clear strategy with regard to crypto assets The European Union is hesitant, groping, and trying without much conviction Europe’s positions are more defensive than proactive regarding new challenges. He also added that France, while it has come a long way, needs to give digital assets more legal recognition. Pierre recommended that France recognize decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) in its legal system. digital currencies How…