Global #cryptocurrency

The Financial Conduct Authority (FCA) in the UK has taken a significant step towards aligning with other financial hubs regarding digital assets.

With U.S. financial markets on pause for Memorial Day, the crypto markets have had a relatively calm start to the week, except for one standout: Chainlink (LINK). As the 14th largest cryptocurrency by market cap, LINK has surged over 10% in the past day, now trading at $18.75, according to CoinGecko data.

Former US President Donald Trump has thrown his support behind cryptocurrencies, expressing enthusiasm for "all things related to this new and burgeoning industry."

A prominent figure in the cryptocurrency community suggests that the markets have yet to fully absorb the impact of Bitcoin's recent halving, which halved the rewards for BTC miners.

In recent weeks, the leading cryptocurrency has seen increased volatility, surging from approximately $61,000 on May 14 to surpass $71,000 by May 21. However, this upward momentum was interrupted by a corrective phase, causing the asset to dip below the $67,000 mark on May 24.

In a surprising development within the Bitcoin mining realm, a notable decrease in Bitcoin's mining difficulty has opened doors for more cost-effective miners to secure a greater share of the market.