{"id":138211,"date":"2021-09-09T09:25:13","date_gmt":"2021-09-09T09:25:13","guid":{"rendered":"https:\/\/precoinnews.com\/?p=138211"},"modified":"2021-09-09T09:25:13","modified_gmt":"2021-09-09T09:25:13","slug":"bitcoin-price-climbs-back-above-46000","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/bitcoin-price-climbs-back-above-46000\/","title":{"rendered":"Bitcoin price climbs back above $46,000"},"content":{"rendered":"

Bitcoin price way down after El Salvador adopts it as official currency<\/h2>\n

FOX Business’ Lauren Simonetti and Strategic Wealth Partners CEO Mark Tepper react to bitcoin prices dropping after El Salvador’s troubled rollout.<\/p>\n

Bitcoin<\/u> was trading 2.8% higher on Thursday morning.<\/p>\n

The price was around $46,450 per coin, while rivals Ethereum and Dogecoin<\/u> were trading around $3,500 and 25 cents per coin, respectively, according to Coindesk.<\/p>\n

GET FOX BUSINESS ON THE GO BY CLICKING HERE<\/strong><\/p>\n

Bitcoin is still recovering following Tuesday's plunge from nearly $53,000 to $43,119 at its low.<\/p>\n

El Salvador's historic adoption of bitcoin as legal tender on Tuesday still has some rough edges.<\/p>\n

Salvadoran President Nayib Bukele stepped in on Wednesday to manage the fraught roll-out of a payments app that underpins the nation's move. He called on users to report any problems on his Twitter feed, according to Reuters.<\/p>\n

Bukele asked users to close and restart the app if a "currently under maintenance" error screen appeared.<\/p>\n

The adoption of bitcoin as legal tender by the Central American country has been problems that may have contributed to a drop in the value of the digital currency.<\/p>\n

SEC THREATENS TO SUE COINBASE OVER ITS LEND PRODUCT<\/strong><\/p>\n

A new cryptocurrency research team at Standard Chartered is predicting bitcoin will hit $100,000 by early next year and could be worth as much as $175,000 longer-term.<\/p>\n

Bukele has sent a stream of Twitter messages over the past 36 hours instructing users on how to download the government-backed Chivo app which promises commission-free transactions.<\/p>\n

In other cryptocurrency news, two of Australia's largest lenders on Thursday rejected criticism that they are holding up competition by refusing to do business with cryptocurrency providers, according to Reuters.<\/p>\n

Those lenders are National Australia Bank (NAB) and Westpac.<\/p>\n

Despite cryptocurrencies seeing huge growth in the past year, many financial institutions haven't gotten involved due to the high risks.<\/p>\n

The stock exchange ASX Ltd. has not allowed cryptocurrency-related listings.<\/p>\n

CLICK HERE TO READ MORE ON FOX BUSINESS<\/strong><\/p>\n

"It's one of the emerging issues that we are looking at – what should our relationship be, if at all, with cryptocurrency," NAB Chief Executive Ross McEwan told a regular parliamentary hearing.<\/p>\n

Peter King, the chief executive of Westpac, said the anonymity of cryptocurrency made it "very hard" to meet the bank's anti-money laundering and counter-terrorism financing requirements.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Bitcoin price way down after El Salvador<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23054],"tags":[],"yoast_head":"\nBitcoin price climbs back above $46,000 - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/markets\/bitcoin-price-climbs-back-above-46000\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin price climbs back above $46,000 - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin price way down after El Salvador\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/markets\/bitcoin-price-climbs-back-above-46000\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-09T09:25:13+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/markets\/bitcoin-price-climbs-back-above-46000\/\",\"url\":\"https:\/\/precoinnews.com\/markets\/bitcoin-price-climbs-back-above-46000\/\",\"name\":\"Bitcoin price climbs back above $46,000 - 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