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Bitcoin and China. NurPhoto/ Getty Images A Library of Congress report found 51 countries have total or near-total bans on crypto. That's more than
Bitcoin. Getty Images Bitcoin surged to a five-month high above $US57,000 ($AU77,619) Monday to outperform the broader crypto sector. The altcoin
"The reaction is significantly smaller than previous bans as the market has already priced in the risk," Wes Fulford of Viridi Funds said.
Analysis Ether (ETH) has been on a tear recently, with the premier altcoin’s value increasing from $1,800 to the peak of $2,480 since the start of April, showcasing a growth of nearly 30%. This latest wave of monetary momentum comes in the wake of Ethereum being on the receiving end of a lot of criticism regarding rising network congestion and transaction costs. To put things into perspective, since the second half of February, the average cost of facilitating transactions on the Ethereum ecosystem has continued to hover above the $16–$20 range, making it quite impractical for individ...