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$BTC $ETH Official Statement on Russian Crypto Ban Speculations Please follow us so that you can benefit. ❤️Follow❤️ + 👍Like 👍 so that we can distribute general gifts. Thank you #BTC‬ #fomc #BinanceLaunchpool #ScamRiskWarning #BullorBear Following speculation that Russia was planning to ban cryptocurrencies, including Bitcoin (BTC), officials clarified the country's stance. In particular, Member of Parliament and Deputy Chairman of the State Duma Committee on Information Policy, Information Technologies, and Communications, Anton Gorelkin, broke the silence by stating that the information had been misrepresented in the media. Gorelkin, in a Telegram post dated April 27, highlighted that misleading reports stemmed from a draft law aimed at introducing mechanisms to identify criminal cryptocurrency transactions in the country. He emphasized that the draft law aimed at regulating the field and not directly banning their circulation. The proposed legislation targets the organization of cryptocurrency exchanges and traders outside the scope of an experimental legal regime.

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Official Statement on Russian Crypto Ban Speculations

Please follow us so that you can benefit. ❤️Follow❤️ + 👍Like 👍 so that we can distribute general gifts. Thank you

#BTC‬ #fomc #BinanceLaunchpool #ScamRiskWarning #BullorBear

Following speculation that Russia was planning to ban cryptocurrencies, including Bitcoin (BTC), officials clarified the country's stance.

In particular, Member of Parliament and Deputy Chairman of the State Duma Committee on Information Policy, Information Technologies, and Communications, Anton Gorelkin, broke the silence by stating that the information had been misrepresented in the media.

Gorelkin, in a Telegram post dated April 27, highlighted that misleading reports stemmed from a draft law aimed at introducing mechanisms to identify criminal cryptocurrency transactions in the country.

He emphasized that the draft law aimed at regulating the field and not directly banning their circulation. The proposed legislation targets the organization of cryptocurrency exchanges and traders outside the scope of an experimental legal regime.

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$BNB $BTC $ Bitcoin Plummets Over $2,000 in an Hour, Triggering $175 Million in Liquidations Amid Market Vola... On May 10, the Bitcoin market experienced a significant drop, plunging over $2,000 in just an hour, triggering $175 Million in liquidations amidst a wave of volatility. This sentiment was echoed by the fact that the downturn on May 10 resulted in the liquidation of $127 million in long positions. Before this sudden decline, Bitcoin had been relatively stable, with prices hovering around $63,494. However, the cryptocurrency soon fell to an intra-day low of $60,308, according to data from CoinStats. This sharp decline resulted in substantial losses for leveraged long traders who had not anticipated the drop. Michaël van de Poppe, founder of MN Capital, commented on the situation, noting that Bitcoin had been showing “low volatility” and choppy price action since February 29. See Also: Bitcoin Unable To Stage A Recovery Decisively, Ethereum Consolidates Below $3K He regarded the drop as part of a “final accumulation” phase, suggesting that if the support level was not maintained, prices could potentially fall further to between $52,000 and $55,000 as the final stage of correction. Adding to the insights, Daan Crypto Trades mentioned that the previous day’s flash crash to $60,000 was a quick market movement meant to “punish those longs that aped in above $63K.” This sentiment was echoed by the fact that the downturn on May 10 resulted in the liquidation of $127 million in long positions. This contributed to a larger total wipeout of $175.17 million in a 24-hour period, as reported by Coinglass. #BinanceLaunchpool #ETHETFS #ETFvsBTC #altcoins #BlackRock
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