In the latest digital currency news, we are reporting a marginal recovery from the market dump that happened during the past week and heightened last Sunday, leading the cryptocurrency market to all-year lows.
One week later, the total market capitalization has managed to recover and Bitcoin is looking stable around the $4,000 mark. Since the middle of last week, the most dominant cryptocurrency started to consolidate around this level, while Ethereum (ETH) has struggled to get off the floor since its big November dump.
In the altcoin world, most of the tokens are green. Bitcoin SV (BSV) seems to be making the most progress in the top ten at the moment, with 9% on the day that took it back to $100. Cardano (ADA) is also recovering well with 7% gains and the rest of the altcoins are putting between 3% and 5% today.
TRON (TRX) has just inched above Monero, taking the eleventh spot with new gains this Sunday. IOTA (MIOTA), NEO (NEM) and Ethereum Classic (ETC) are all adding new gains to their price and moving positively.
A new FOMO-induced pump is seen by a new entry to the top 100 cryptocurrencies named Free Coin. This altcoin managed to surge 55% on the day and is pumping alongside a few similar coins, one of which is Centrality.
To sum things up, crypto markets have made about 4% gains since the same time yesterday, and the total market cap is now greater than $133 billion. November, however, has been the month from hell as market collapsed by a third.
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“We will never accept won or renminbi or francs or cryptocurrency, or any other currency. You have to relieve your debts to the state of Ohio with U.S. dollars. That’s what we’re currently accepting. This platform just allows for that exchange, basically before that debt is settled to the state of Ohio.”Sprague pointed out that the treasury is reviewing how the program can be expanded and they are looking into the potential risks that can come up by using this method of tax payments. Ohio is working hard to attract blockchain-related businesses to the state. The state has already passed a law allowing businesses to pay taxes in crypto but the State Treasurer Josh Mandel stated that the legislation ‘’pants a flag’’ in Ohio regarding cryptocurrency adoption. Two days ago, the County Auditors’ Association of Ohio announced the gathering of a group that will work to explore the benefits of blockchain in real estate and transfer of land titles.
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