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KseniyaKruch

@kseniyakruch

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All eyes in the community were on the US inauguration ceremony on Monday as the self-proclaimed ‘crypto President’ was about to be sworn in. Even before that highly anticipated event, BTC’s price went on a rollercoaster, dumping by several grand on Monday morning just to surge to a new all-time high hours later at over $109,000. Once Trump’s speech finished, it became evident that he had ignored the crypto industry, and bitcoin headed straight south, losing five grand within minutes. Nevertheless, it bounced off and maintained within six-digit territory. Moreover, it climbed on Thursday and Friday and tapped $107,000 yesterday. This is where the bears stepped up and didn’t allow any further increases. Just the opposite, BTC lost about three grand since then and now sits at just over $104,000.
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Cryptocurrencies furthered their global reach in 2024, with countries adopting blockchain technologies for diverse applications. India launched a pilot program for a blockchain-based land registry system, aiming to tackle property fraud. In Africa, Central Bank Digital Currencies (CBDCs) gained traction, with Nigeria’s eNaira serving as a case study for digital currency implementation in emerging markets. Meanwhile, Brazil and Argentina advanced crypto-friendly regulations to counteract economic instability. Latin America’s embrace of Bitcoin as legal tender in El Salvador inspired other nations in the region to explore similar initiatives. As crypto adoption expanded, education and accessibility became focal points, with projects like Binance Academy offering resources to underserved communities.
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