Global #cryptocurrency

The surge in the United States' money supply, nearing $100 trillion, is expected to positively impact the price of Bitcoin, currently trading at $71,000.

Data recorded on the blockchain indicates that large holders of Bitcoin, known as whales, currently possess more than 40% of the total Bitcoin supply, showcasing their ongoing trend of accumulating more coins.

In a significant update, Turkey's Treasury and Finance Minister Mehmet Simsek has stated that the government has no intentions to levy taxes on gains made from "stocks and cryptocurrencies."

Despite lacking awareness and understanding, half of the respondents from Germany indicated a willingness to consider using the digital euro as an additional payment option.

In the past month, cryptocurrency investment products attracted $2 billion in investments, pushing year-to-date inflows over $15 billion. The recent week alone saw $185 million invested.

The SEC's Salt Lake City office is scheduled to close. The office gained notoriety in the cryptocurrency industry for its unsuccessful lawsuit against DEBT Box.