Bitcoin fell to $17,600 over the weekend, but today the cryptocurrency market flagship rebounded from part of the fall and returned to the $20,500 level. At the moment, it's storming back to 21K. But in order for the uptrend to recover, the bulls need to put more strength and consolidate above $23,800. Nevertheless, many altcoin market assets have followed BTC's lead - most of them have gained an average of 5-8% over the past 24 hours.
Where will the top capitalised cryptocurrencies go next? Do you believe this crypto winter will end soon?

Is Singapore set to become a hub for the crypto industry?
"Theses on cryptocurrency development in one of the world's richest countries"
Ravi Menon, Managing Director of the Monetary Authority of Singapore (MAS), has made some interesting statements about the development of cryptocurrencies:
- Cryptocurrencies are an investment in a promising future.
- Singapore is at the forefront of cryptocurrency adoption. The country has specifically developed a legislative framework and tax regime for the development of digital assets.
- MAS practices very strict regulation to protect investors.
Can Singapore replace China on the global cryptocurrency scene?

Bitcoin that was once viewed as mysterious by many in the past boomed now not only in value but also in popularity. Two key things bring the coin such as spreading among the society.

Firstly, better trust. Giant financial institutions like Tesla, Square, MicroStrategy, etc. invest assets in digital currency. More than two tens of public firms now own some cryptocurrencies on their balance sheets. Many more are starting to offer services to people interested in buying Bitcoin or to companies that want to hold it or accept it for payments. And here appears the second factor that supports Bitcoin.

Because of global trends, BTC is now closer to $100K than it is closer to $0. The recent developments around Bitcoin worldwide are proof of the fact that it is inching closer to becoming a mainstream asset class.

Satoshi Nakamoto makes an accurate claim, to be exact: ‘If you don’t believe it or don’t get it, I don’t have the time to try to convince you, sorry’. The founder of Bitcoin, Satoshi Nakamoto, saw before everyone else what Bitcoin was capable of. In those early days, however, not many could imagine the potential of this new currency. As Satoshi Nakamoto let know, there are no responsibilities in this business, everyone works for themselves and looks for the best option to make a profit.

Today, his invention has completely changed the world and it’s safe to assume that those early doubters should have done more research. Bitcoin is up 63% this year, though, far away from its record just below $65,000 in April. Recently the coin was trading at $47,000 on the exchange and 53,4k USD on the service. Have you already counted an advantage?

During the last 10 years, Bitcoin has obtained attention—not only from ordinary people—but also from governments around the world.
Some authorities fear that BTC can be used to circumvent capital rules, can be used for money laundering or illegal grips, and could be risky to investors. However, others see the decentralized cryptocurrency's potential to destabilize or diminish the control of central banks.
Governments in many states are afraid of mysterious money laundering.

Though, Bitcoin trade is not banned and is completely legal. You still can exchange your assets using the increased exchange rate after the market drop. The decline has gone and transactions take place again. See how the exchange rate rose and get your profit.

The original intention behind Bitcoin, the first cryptocurrency, was to create an electronic cash system people could use in daily transactions. You technically can buy and sell things with it, but it’s not widely accepted as a form of payment yet, so you’ll have very limited purchasing power. Bitcoin’s price fluctuates quickly and the original aim is still not achieved.

While BTC is not a ubiquitous digital money system, Bitcoin has shown investors that it can be potentially profitable as an investment asset. Many individuals purchase crypto to cash it out for a benefit after it increases in value. BTC reached a new high since May 2021 at once. But given the crypto’s history of volatility, this increase doesn’t guarantee a long-term reversal. Hiribi will hold the door for you, so get in time, if you want to receive your gain.

As more desired Bitcoin gets as more smart individuals with different start capital think about investing in this coin, including economists and Nobel prize-winners. One of them is Robert Shiller- a professor at Yale University, who is interested in cryptocurrency. He belongs to the minority, that is never faced with investing in cryptocurrency.

Making thoughts about the BTC Mr. Shiller told, that the cryptocurrency market is very psychological and it’s impressive technology. Moreover, The Nobel Prize-winning economist shared, that he was thinking of buying BTC to experience the effect. A lot of people do that actually, but he has never bought it.

No doubt, that Robert should try to be active in this market. The particular reason for this, there are no motives to worry, because Bitcoin bounced back again after the period of falling and rising for just a little bit. Recently you can explore the exchange rate on the service and decide what to do next!
Any questions? Contact us and the team will provide you with the advice you need.

Yes. In general, the more active a crypto trader you are, the more tax implications there might be.If all you do with crypto is using U.S. dollars to purchase crypto and then keep it in your personal crypto wallet, it won’t be taxable. But the tax office takes treats cryptocurrency like other personal assets such as stocks or gold. If you sell or exchange your investment, that transaction’s capital gains are taxable.

You owe taxes on such activity as selling your assets back into U.S. dollars or trading one crypto for another (for example, Bitcoin to Litecoin). However, the transaction fee on the Hiribi depends on the coin you choose. For instance, the LTC’s transaction fee contains only 0,5$. Half a dollar and the coin is in your wallet. One more payment during the next change operations and there is already bigger profit. Later more, more and more.

The sharp decline in the value of Bitcoin is a perfect case study of the risks connected with investing in digital currency. Cryptocurrency is still an unstable investment, prone to big fluctuations in a short period of time. Therefore, as with any new investment, it’s important to do your research, and understand all of the risks.

Experts report you shouldn’t put in crypto if it means you can’t meet other financial needs, like paying off debt, building an emergency fund, or maxing out other possible accounts. And just because crypto is new and interesting doesn’t mean you need to invest in its entirety.

The best value outcome is to start to make a profit with small investment capital. On the service, you are not limited in the number of transactions as well as you’re not attached to the location and the time of day. In any case, you stay on top of the game.

As in every sphere of making money cheaters are trying to earn in the field of cryptocurrency. Hackers can gain access to individuals’ crypto wallets to steal their holdings. That’s why it’s essential to store your coins in a safe place and practice good digital security habits.

Most often it is offered to storage for your assets through hot wallets.
[! a hot wallet is a tool that allows a cryptocurrency owner to receive and send the profit]
Though, there are no dedicated banks or physical wallets that can be used to keep cryptocurrency holdings secure.

It is essential to make sure you trade your crypto on a platform that offers necessary security measures. Hiribi reliably protects customer assets as well as assists to make the transactions comfortable. Increase your confidence in service and benefit now.

Tips on how to find a profitable way out of an urgent situation
For those who invest in crypto for the long-term using a buy-and-hold strategy, fluctuations like this week are to be expected. However, how to act in unforeseen situations not to lose invested assets.

✖️  The most significant point is to keep calm- swings are going to keep happening and that is fine. Do not act rashly or upend your strategy too quickly. There is no such thing as a dead end. Hence the second piece of the strategy.

✔️  Hiribi suggests clients shed assets using the exchange rate before the drop. The offer is valid during the next day after the average market price came down. It let you sell invested sum and survive the market downturn without financial losses.
Such a plan of action allows you to save money till the next exchange rate increase and use it for coming profitable transactions. Exchange your assets before the best exchange rate on the site expires.

Bitcoins don’t exist as physical objects, but new coins are “mined”, or brought into circulation, through a process that involves using powerful computers.  The amount of energy required to run the Bitcoin network is comparable to a small country- it is enormous.
However, the cryptocurrency market increases, and experts are trying to find the solution to overcome the huge energy consumption associated with the technology.   Specialists aim is to achieve net-zero emissions in the global crypto industry by 2030. As fast as the problem will be solved Hiribi will provide it into the work of the service.
Now and during the next decade, it is given auspicious conditions to receive the fast benefit. While the exchange rate is increasing till it’s pick and high you can tap the button and make transactions. Have time to make a few using the exchange rate of $36k per Bitcoin!

J.P. Morgan- a global leader in financial services with a total assets sum of US$2.9 trillion, provides clients with an engaging life hack. According to analysts of J.P. Morgan, to swell the profit, all you need to do is track Bitcoin's dominance in the whole cryptocurrency space.
To define BTC supremacy it is needed to divide it’s value on the market by the total market-cap of all digital currencies. The obtained result will be the answer to the main question of when to spend money on the most popular cryptocurrency.
Recently the indicator shows Bitcoin dominance at about 45%. Comparatively the data in April was around 60%. However, while Bitcoin is successfully competing with other coins you can make a quick buck by reinvesting your assets. Thanks to today’s exchange rate and fast payments the benefit will not take long. Check it by yourself now!

Bitcoin that was once viewed as mysterious by many in the past boomed now not only in value but also in popularity. Two key things bring the coin such spreading among the society.
Firstly, better trust. Giant financial institutions like Tesla, Square, MicroStrategy, etc. invest assets in the digital currency. More than two tens of public firms now own some cryptocurrencies on their balance sheets. Many more are starting to offer services to people interested in buying Bitcoin or to companies that want to hold it or accept it for payments. And here appears the second factor that supports Bitcoin.
Because of global trends, BTC is now closer to $100K than it is closer to $0. The recent developments around Bitcoin worldwide are proof of the fact that it is inching closer to becoming a mainstream asset class.
Grow with us as fast as Bitcoin. Coin exchanges are available at any time you want. Tap to start trading and self-development now!

[/b][/color]
[/i]

Firstly, investment. It is essential that Bitcoin mining requires specialised equipment that will be compensated in about 1 year. Also, miners have to track the cryptocurrency market to switch farms to more profitable coins. Traders can choose one cryptocurrency exchange and immediately start.

The main advantage of trading vs mining is the opportunity to earn more profit than by simply investing. By mining you can exchange cryptocurrency for fiat currency at any time, protecting yourself from exchange rate fluctuations and another trading risks.
However, in any case, exchange service Hiribi covers most of dangers as well as gives time to cash out your assets, if it is needed and as fast as you need it. The speed of transactions noticeably increases.

[/i]
[/b]
[/color]

Experts in the field of cryptocurrency are intently trying to find out, what is the biggest authority on the exchange. According to their opinion the key influence on the crypto market recently still have Chinese traders.
Why still? Chinese government bans any actions towards cryptocurrency, especially trending. They also artificially organised the drop on the market last week. Despite all difficulties, Chinese players manage to make money exchanging the local currency for crypto and are comparatively powerful.
However, there is no need to work on the grey market to get profit. All over the world, you can do business using the exchange rate on our service. Don’t loose your time, BTC price is growing every minute.

Despite market fluctuations, there are exiting actions on the exchange. Out of all the volume reported across the crypto economy’s lifetime, May 2021 saw the highest cryptocurrency trade volume in history. According to this week’s data, cryptocurrency trade volume touched an all-time high. During 24 hours operations on the market piked $1.76 trillion, where around $71 billion are value operation with bitcoin.
Such activity is provoked by market fluctuation. Many traders, who play on the exchange are not insured by the risks of losing everything they earned. That is why many persons sold their assets this month. However, this feeling is unknown to you, if you trade using Hiribi. The benefit of our clients does not depend on circumstances.