No, it is not the same blog from the previous week, and it is that the negative numbers still do not stop in the cryptocurrency market in the face of a panorama full of uncertainty, now promoted by the Russian government.

It is said that the Russian central bank aims to prohibit investments in cryptocurrencies throughout the country, this because it sees a high risk for financial stability after the exponential growth of transactions in crypto assets Without a doubt, this was absolutely not good for Bitcoin, since after this information was diffused  its price fell close to $48,000.  The Russian government has been one of the main detractors of the crypto asset market, so a ban in the coming weeks does not sound far-fetched. It is worth mentioning that since 2020 cryptocurrencies received approval to be marketed in that country, but nevertheless, they cannot be used as a payment method.

While a resolution is being published, it is also of great importance to mention the new rules for mutual funds issued by the same central bank, as they now establish that funds will be prohibited from investing in cryptocurrencies or financial instruments backed by securities in digital assets. In other news, 90% of the total supply of Bitcoin has been mined after 13 years of life, with an existence of 18.9 million tokens in circulation today. However, the remaining 10%, consisting of 2.1 million BTC, is expected to take about 120 years to be generated, thanks to the famous “halving”. We are very close and very far from seeing the creation of the last Bitcoin. On the other hand, the Mexican company Elektra, owned by the billionaire businessman Ricardo Salinas Pliego, has become the first retail store to receive payments with nothing more and nothing less than with Bitcoin. The Mexican businessman, who had already declared himself a cryptocurrency enthusiast, published the news on his Twitter account, which also highlights the offer of an additional 20% discount to his customers who use this payment method. Bitcoin is above $46,000, in an area where it has consolidated in recent days. This barrier is very important, as it will define the future at least in the short term of the cryptocurrency with the largest capitalization in the world. BTC/USDT 1D (TradingView Chart). For its part, Ethereum is close to $3,800. Despite having violated an upward trend that has been coming since July, it seems unable to define below $3,600, so we are at a fairly critical level as we saw in Bitcoin. ETH/USDT 1D (TradingView Chart). A new year is coming, so the markets could move abruptly in the face of various economic factors, so it is recommended to be aware of the most recent news. Without further ado, we wish you an excellent start to the week.