Honduras May Officially Recognize Bitcoin as Legal Tender

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Today’s Cryptocurrency Headline

Honduras may be the next country after El Salvador to officially recognize Bitcoin as legal tender. El Salvador should not be the only country “escaping dollar hegemony,” the country’s president, Xiomara Castro, reportedly said. Castro also emphasized that it was the right of Honduras “to move towards the First World,” the sources said, although the information was still unconfirmed at the time of publication. According to reports, the Honduran president’s statement will be announced on March 21, local time.

BingX’s Bitcoin Chart

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Goldman Sachs became the first U.S. bank to complete an over-the-counter cryptocurrency trade with Galaxy Digital, which could encourage other major banks to consider offering OTC transactions for cryptocurrencies. BTC has been almost flat over the last 24 hours. As the price is still moving in between the 20-day moving average (MA) at $40,107 and the 100-day MA at $42,228, if BTC is unable to break $43,000 in the next few days, the market will not be optimistic which could be a sign that it is turning cold.

 

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