Bitcoin rises as mining difficulty plummets

05 Jul 2021

???? BTC | $34,957 (+366, +1.0%)

???? ETH | $2,318 (+103, +4.6%)

???? XRP | $0.69 (+0.02, +3.3%)

???? LTC | $143 (+4, +3.1%)

A roundup of regulatory stances against Binance – the largest crypto exchange in the world, reveals that there has now been some recent action or negative mention from regulators in the USA, Canada, the UK, Thailand, the Cayman Islands, and Japan, with the MAS recently saying they would follow up “as appropriate” with Binance Singapore as well.

Bitcoin whale accumulation spiked late last week, with the number of Bitcoin whales rising as well – a traditionally bullish sign. This also looks to be the first major rise in accumulation since a massive whale dump seen in April 2021.

Visa made five high-profile strategic additions to its in-house crypto team, driving optimism for their plans into the crypto space. The company appears to be focusing firstly on helping individuals spend cryptocurrencies in wallets at their network of 61 million merchants worldwide.