Important news that revived the cryptocurrency market

During these moments, Bitcoin rose by more than 2.5%, reaching the levels of 42.5 thousand dollars, while its market value exceeded 800 billion dollars.

And the market value increased to about 1.956 trillion dollars after retreating from levels of 2.24 trillion dollars on the eve of last Saturday to 1.81 trillion dollars.

The rise of the cryptocurrency market coincided with a handful of positive news.

As the news began on Monday night that the Internet has returned to Kazakhstan after a disruption that dealt a severe blow to the world's second largest bitcoin mining country.

And coinciding with the statements of the President of the US Federal Reserve regarding the bank's expectations of inflation rates and the policy of raising interest rates, during the coming period.

And the completion of the cryptocurrency report, which would give the crypto market more regulation in order to comply with the requirements of the US administration.

Along with the most important news that contributed in one way or another to the recovery of the cryptocurrency market, which experienced a sharp decline, the pioneers and investors of cryptocurrency drowned in a wave of bloodbath, there are other news that supported this recovery, which was represented in the following.

* Canadian miner Bitfarms bought 1,000 bitcoins in 2022, bringing its total holdings of crypto-asset over $177 million.

Canadian mining company Bitfarms said it bought 1,000 bitcoins for $43.2 million in the first week of January, making the company own

The Canadian miner currently owns more than 4,300 bitcoins, or approximately $177 million, at a price of $41.18 thousand.

* The crypto tax software provider on Tuesday launched TaxBit, a certified network that aims to legalize crypto tax accounts and tax forms by providing necessary tax reporting data to all network users for free.

* Australia's largest digital asset exchange BTC Markets said it will support Tomljanovic as part of a partnership inspired in part by "increased investor activity from female investors in the past financial year".

Founded in 2013, BTC Markets has more than 325,000 clients in Australia, who traded over $14.3 billion using the platform.

Users of the cryptocurrency exchange will have the opportunity to win tournament tickets and meet a star with a non-destructible token that shows proof of attendance.

Three-time NBA champion Andre Iguodala, a professional basketball player for the Golden State Warriors, said via Twitter that he will receive a portion of his $2.647 million annual salary in Bitcoin.

He added that he would give $1 million in bitcoins to the masses to increase adoption of the digital currency.

Iguodala said the payments were facilitated through Block (formerly known as Square) cash app.

* German digital bank N26, one of Europe's largest fintech companies valued at more than $9 billion, is finally ready to tackle cryptocurrency and stock trading after striving for global expansion.

N26 Bank aims to launch a cryptocurrency trading venture in 2022, followed by stock brokerage, rather than “setting flags in new markets.”

* Binance has announced a partnership with the Confederation of African Football (CAF) as the official sponsor of the TotalEnergies Africa Cup of Nations (AFCON).

Ye Hee, director of marketing at Binance, said: “Africa’s population of 1.2 billion Africans will help the spread of blockchain technology, and that the African continent can lead the future of the industry.”

“I am delighted to welcome Binance as the official sponsor of this year’s Africa Cup of Nations. Through this partnership with CAF, Binance will further connect with its users and the African community through football,” said Veron Mosengo Oumba, CAF General Secretary.

Bitcoin (BTC) is now trading in the $42,000 levels, and while there is a lot of fear in the markets at the moment, there are also plenty of opportunities to take advantage of the current conditions.

It is worth noting that the leading cryptocurrency trader, Michael van de Poppe, stated that as a result of the sudden drop that occurred on January 10 when Bitcoin briefly dropped below $40,000, BTC reached a longer support timeframe, which in turn created the basis for further support. of financial opportunities to emerge.

“We plunged into higher time frame support while the actual fear in the markets reached new peaks not seen since May 2021. What we are really seeing now is a state of absolute fear that gives you maximum financial opportunities,” he said.