Here’s what happened in crypto today
Today in crypto, significant developments include Michael Saylor's intention to make another Bitcoin purchase amidst rising tensions in the Middle East, particularly between Israel and Iran. Saylor, co-founder of cryptocurrency firm Strategy, hinted at the imminent acquisition to his followers, with the company reportedly holding over 580,000 BTC, making it the largest corporate Bitcoin holder. Despite the ongoing conflict, Bitcoin's price has remained around the $105,000 mark. Meanwhile, Vietnam's National Assembly approved a new digital technology law that recognizes crypto assets, set to take effect in 2026. This legislation categorizes digital assets and imposes regulatory requirements, aiming to improve the country’s compliance with international standards following its inclusion in the Financial Action Task Force's gray list. Additionally, the Crypto Fear & Greed Index indicates prevailing market optimism, scoring 60, despite Bitcoin's recent slight downturn after reaching near its all-time high. Overall, the crypto market sentiment remains resilient in the face of geopolitical challenges.
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