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Today’s Cryptocurrency Headline

Visa has announced a partnership with blockchain technology company ConsenSys to jointly develop a module designed to help central banks and financial institutions build user-friendly services on central bank digital currency (CBDC) networks. Visa said the partnership connects the new CBDC framework with the existing financial ecosystem to create a roadmap for adoption and allow consumers to spend CBDC at any merchant that accepts Visa. Visa expects to pilot use cases for the module in the spring when the company is ready to work with central banks, financial institutions and fintech firms to integrate the module into their technology stacks.

BingX’s Bitcoin Chart

Source: TradingView& BingX

El Salvador’s President Nayib Bukele has purchased at least 1,391 bitcoins for the country, at an average price of $51,056 per bitcoin, for a total purchase cost of about $71 million. At current prices, its current value is about $61 million, a loss of 14% (about $10 million). BTC price fell back to $42,500 after some buyer took profit near the $44,000 – $45,000 zone. BTC remains in a short-term downtrend, the bulls need to push the price above the $45,000 price level with heavy volume to reverse the situation.

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