
El Salvador’s tourism sector is booming after bitcoin adoption
The country is seeing a 30% uptick in tourism since it officially adopted bitcoin as legal tender.
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The country is seeing a 30% uptick in tourism since it officially adopted bitcoin as legal tender.

After a weeks-long bearish trend, bitcoin and the overall cryptocurrency market bounced back on Wednesday. The crypto market is showing renewed confidence after dipping in response to ongoing Russia-Ukraine tensions.

The adoption of Lightning Network by Twitter, El Salvador, and others have helped push its growth.

A public consultation period is open for people to contact the SEC and express their views on a Bitcoin spot ETF.

On-chain metrics show a fall in demand and interest, as well as sell pressure coming from supply holding at a loss.

Bitcoin (BTC) market price fell under $40,000 during the weekend. Short-term Holders are the most likely cohort to spend their coins in response to volatility.

Efforts are afoot to make Bitcoin legal tender in California in response to currency debasement.

Mr. Wonderful recently explained why investors should shy away from “dirty” miners and turn to “new generation” mining companies.

Available data shows that there is increased competition amongst Bitcoin miners for mining new blocks.
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