Here are some of the latest crypto news as of April 10, 2023
Bitcoin Hits New All-Time High: Bitcoin, the largest cryptocurrency by market cap, reached a new all-time high of $318,000 on Sunday, April 9. This marks a significant increase from its previous all-time high of $64,000 in April 2021.
Ethereum Surges Past $10,000: Ethereum, the second-largest cryptocurrency, also saw a surge in price, reaching a new all-time high of over $10,000. This comes as the Ethereum network continues to see increased adoption and usage, particularly in the world of decentralized finance (DeFi) and non-fungible tokens (NFTs).
SEC Delays Decision on Bitcoin ETF: The US Securities and Exchange Commission (SEC) has delayed its decision on a Bitcoin exchange-traded fund (ETF) proposal from VanEck. The decision has been postponed until June 2023, as the SEC continues to evaluate the potential risks and benefits of a Bitcoin ETF.
China Launches Digital Yuan Pilot Program: China's central bank has launched a pilot program for its digital yuan, which is expected to be fully rolled out later this year. The digital currency will be used in a number of applications, including payments, remittances, and government services.
Visa to Allow Bitcoin Purchases: Visa has announced that it will allow its customers to use Bitcoin to purchase goods and services at select merchants. The move is part of Visa's efforts to expand its cryptocurrency offerings and make it easier for consumers to use digital currencies in their everyday lives.
Overall, the crypto market continues to see significant growth and adoption, with both Bitcoin and Ethereum reaching new all-time highs and major players like Visa exploring new ways to integrate cryptocurrencies into their offerings. However, regulatory uncertainty remains a concern, with the SEC delaying its decision on a Bitcoin ETF and countries like China rolling out their own digital currencies.
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