🔴 #GOLD prices are heading towards a 3-week low as demand

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🔴 #GOLD prices are heading towards a 3-week low as demand for safe havens fades and the dollar rises, ahead of the US Federal Reserve Chairman’s statements on the path of interest in the coming period. $BTC

🔴 #GOLD   prices are heading towards a 3-week low as demand for safe havens fades and the dollar rises, ahead of the US Federal Reserve Chairman’s statements on the path of interest in the coming period. $BTC 

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The FTX Token (FTT), a subsidiary of the FTX platform, posted excellent performance with a 55% rise in 24 hours, and achieved a strong 320% increase in less than 48 hours. Speculation about FTX’s commercial relaunch emerges after its founder’s trial, reinforcing optimism with a further increase in the value of the #FTT . However, market movements should be monitored, as the FTT saw a correction after reaching its peak and stabilizing around $3.5. $XRP $BTC

A study suggests that Ukraine’s failure to regulate the crypto sector has cost the country $49 billion in losses between 2016 and 2022. The study proposes taxing cryptocurrency metal to make a financial addition to the Ukrainian treasury. Ukrainian authorities are ready to regulate the sector and impose taxes, with consideration being directed towards the application of measures from EU standards for digital asset markets. $BTC

Bitcoin’s price has fallen to around $36,000 after hitting year’s highs. The downside is linked to reports about #BlackRock ’s creation of the iShares Ethereum Trust, which has led to the transfer of funds from Bitcoin to Ethereum. #Ethereum price rally and capital shift reflect optimism with close approval of Ethereum spot-traded funds after approval of Bitcoin funds. $BTC

Summarize: A study by Ukraine Economic Outlook suggests that Ukraine’s failure to regulate the cryptocurrency sector caused losses of nearly $49 billion between 2016 and 2022. #crypto is proposed to be taxed for tax revenue, and there is an intention in Ukraine to regulate the sector and tax 5% for individuals and 18% for companies. Previous efforts have faced hurdles, but there are positive signs of adopting EU-inspired regulatory measures.

Bitcoin’s price has risen to an 18-month high, reaching the level of nearly $37,000, an increase of more than 4% over the past 24 hours. This rise comes as exchange-traded funds are expected to be approved to invest in Bitcoin, and this supports Bitcoin’s rise of more than 120% this year. Expectations of the approval of these funds increase market optimism and support current increases in cryptocurrency prices. $BTC

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