A positive piece of news these days is related to Bitcoin’s Lightning Network. The king of crypto, thanks to this layer 2, has reached 5,000 BTC capacity.
Despite the macroeconomic momentum and falling prices, adoption continues to grow.
Lightning Network allows users to send Bitcoin quickly and with very low fees. Indeed, the greater the capacity of the network, the greater the volume of potential transactions.
According to exchange KuCoin, in its report titled “Into the Crypto,” it explained that India could be one of the pioneer nations in this area. Investors ranging from the youngest to the most experienced (about 15%) said they hold a portion of their investments in crypto.
Returning to Bitcoin’s price, it has been clinging to the $20,000-$19,000 threshold for months now (since June), thanks to hodlers who have held the crypto for a long time. Fundamental support, corresponding to the highs recorded in 2017, which would otherwise see the price heading in the direction of $18,000 – $17,000.
BTC’s dominance appears to be poised for recovery. In the past, whenever it has retested 39.5-40% it has subsequently led to a recovery.
The problems of lack of regulation and the Italian OAM
As we all know, the approach to crypto seems to be very cautious in many European and non-EU countries. This is because the skepticism surrounding this “new world” is,…
