- Bitcoin continues to disappoint the bullish market
- Saylor is certain about Bitcoin’s potential
- Vitalik Buterin urges the masses to adopt cryptocurrencies.
Bitcoin continues to feel the bearish market pressure, with its current standing below $23k. In the past few days, BTC surprised investors with its price pump, which soared to almost $25k per coin. However, this price surge did not stay for long, making BTC plummet its price to nearly $20k.
Read CRYPTONEWSLAND on
google news
Despite the depressing price performance of Bitcoin, Michael Saylor, a Bitcoin maximalist, stay bullish on the crypto. He tweeted:
As we can see in the tweet above, Saylor is sure about Bitcoin’s potential. Unfortunately, it did not specify clearly what kind of potential Saylor is about: It may be the crypto’s technology, the price, or both. However, Saylor’s sentiment towards Bitcoin cannot hide the market’s current situation.
In detail, the whole cryptocurrency market capitalization recorded a low price of -1.8% in the past 24 hours. This performance of the market accumulated an amount of $ 1 trillion, where Bitcoin contributes 40% of it.
Despite the depressing performance of the market, some crypto networks continue to establish their marketing reach. Recently, Binance’s CEO had a talk with Busan’s city mayor to push the mass adoption of cryptocurrency.
In other news, Vitalik Buterin Urges Masses to Embrace Crypto Payments. He highlights how crypto payments can help prevent censorship resistance. But, more importantly, he says crypto payments are simply much more convenient than any other forms of payment available to the public.
disclaimer read moreCrypto News Land (cryptonewsland.com) , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
