Tuesday, October 3, 2023
HomeNewsBitcoin price surprises, china instead E-CNY in money supplier report

Bitcoin price surprises, china instead E-CNY in money supplier report

Today, January 12, 2023, the bitcoin price saw a sudden surge, nearing the $18,000 mark, and many other coins seemed to have followed the trend, increasing in value simultaneously in the market. Additionally, the Central Bank of China has just incorporated e-CNY into its money supply report.
At 6:50 am, the recorded Bitcoin price was 2.63% higher than 24 hours earlier. In the market, 77 out of 100 coins saw an increase in price much higher than the previous 24 hours. The highest increase belonged to Avalanche, which was 24.83%.
El Salvador has also taken a major step by legalizing Bitcoin as a currency. The Legislative Assembly has passed a law allowing the public to transfer any type of digital asset in El Salvador, and they will also establish a new regulator for digital currencies. Furthermore, Bitcoin bonds backed by President Nayib Bukele were researched as early as 2022.
The People’s Bank of China (PBOC) has also added its central bank digital currency, the e-CNY, to its report recording the amount of money in circulation. 13.6 billion e-CNY accounts for about 0.13% of the 10.47 trillion CNY in circulation as of the end of 2022.
China introduced e-CNY at the Winter Olympics in Beijing in February 2022.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments