Bitcoin resumed its decline on Thursday. BTC mining difficulty has risen for the first time in two months. Ark Invest called the condition for the Bitcoin rally. Mastercard views cryptocurrencies as an asset class. Bitcoin fell 3.5% on Thursday, ending the day near $22,500. BTC resumed its decline amid a pause in the growth of stock indices. Bitcoin could rally over the next 12 months if it holds above the 200-week moving average (200-WMA), according to Ark Invest. BTC has only broken 200-WMA 7 times in history. The 200-WMA is currently at around $22,800. The annualized return on the asset after recovering from the 200-WMA averaged around 240%. At the same time, Ark Invest admits that if the correction turns out to be as serious as in 2018, Bitcoin could fall much below current levels. As a result of the next recalculation, the complexity of bitcoin mining increased by 1.74% – for the first time in the last two months. One of the largest payment systems in the world, Mastercard, treats cryptocurrencies more as an asset class than a means of payment due to their volatility. Stablecoins and digital currencies of the Central Bank are much more likely to occupy this niche. FTX CEO Sam Bankman-Fried praised a bill submitted to the US Congress that gives the powers to regulate the crypto market to the Commodity Futures Trading Commission (CFTC). The recent hack of the Nomad project bridge, during which hackers managed to withdraw assets worth $190 million, was the 13th hack in the industry since the beginning of the year. According to Chainalysis, the total amount of damage since the beginning of the year amounted to $2 billion. Blockchain security agency SlowMist believes that crypto exchanges are safer than DeFi and bridges. According to Peckshield, hackers withdrew $4.8 million from the ZB decentralized crypto exchange, which claimed to be the most secure in the world. China’s banks are gradually moving towards processing and issuing loans to individuals and industrial enterprises in the state digital currency. Source: FXPro

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