Weekly Market Update March week-5 2022

Weekly Market update - March?Week 4

Headline

The UK government has announced to revel its plans for regulating crypto industry in the coming week. The plans will focus heavily on stable coins. The cryptocurrency Bitcoin value increase in the past few weeks following the crypto laws being put in place.

28-3-2022 | Week 4

• The UK government will soon revel its plans to regulate its cryptocurrency market to tackle the Financial stability risk that it may posses. Number of companies like Revolut , Blockchain.com and cooper could be forced to slowdown their crypto operations in the UK.

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• Price of a bitcoin raises to 45,000 USD on Friday even with the regulations being imposed on cryptocurrencies by various governments across the world. the bitcoin and stocks are predicted to go through a short-terms resistance level which could be a relief for its users.

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