Bitcoin is up 2.5% in the last 2 hours to $16.9,000 and is already trying to break above $17,000. The price has traded near the top of its range for the past three weeks, fueling hopes that buyers can lift it out of an established channel. fxpro btc The total value of the crypto market crossed the $850 billion mark, reaching a two-and-a-half-week high. The general crypto market like Bitcoin has been pushed to the upper end of the trading range, but a more solid confirmation of a break of a solid move would still be a break above the $900 billion. The rise in the crypto market countered pressure on stocks as crypto enthusiasts embraced the news that Bitcoin was being legalized as a means of payment and investment. This does not mean that Brazil has become another El Salvador, but the arrival of regulation is a sign of a maturing industry that will have long-term positive effects. However, it should be noted that growth has been painfully slow due to consistently impressive overselling. The domino effect of the FXT crash is unlikely to be fully realized yet, as rising energy prices rush miners out of work. News Background Decentralized Exchange Protocol (DEX) Solana Blockchain Serum has announced its shutdown due to the collapse of FTX. Fidelity Investments Launches Retail Bitcoin, Opening Access to Cryptocurrency Platform to Small Players. This is only for users who are currently whitelisted. According to the latest report from analytical firm Pitchbook, investment in the cryptocurrency industry was $879 million in the third quarter of 2022, the lowest since the second quarter of 2021. However, it is more than investments in other fintech. Huobi Exchange has announced its intention to issue the world’s first national token. The Dominica coin approved by the government of Dominica will be published on the Tron blockchain. The Reserve Bank of India (RBI) will launch a pilot project to test the retail digital rupee in early December.