Bitcoin Fell Nearly 3%, Russian Central Bank Increases Its Focus on Digital Rubles

Bitcoin price fell 2.79% today (April 30) to $38,659.83.

The Bitcoin price moved into negative territory this morning after the Dow Jones Industrial Average fell 939 points on Friday (April 29). This month, the stock market on Wall Street fell sharply.

  • Dow Jones Industrial Average fell 939.18 points or fell 2.8% to close at 32,977.21 points.
  • The S&P 500 fell 3.6% to close at 4,131.93.
  • The Nasdaq fell 4.2 percent to close at 12,334.64 points.

Movements in the Crypto Space

Recently, Russia has been increasingly focusing on the digital ruble.

The Central Bank of Russia continues to emphasize that it will move forward with the digital ruble project. This is in line with the statement of the high-ranking representative, who stated that the financial authorities have not made any attempt to delay the digital ruble project, although many banks disagreed.

Olga Skorobogatova, Vice President of the Central Bank of Russia, said that the digital ruble is a great necessity. In this context, regulators will not try to delay the testing of the digital ruble project on a prototype platform.

In January, the Central Bank of Russia began experimenting with the digital ruble project, announcing that the central bank had successfully conducted transactions between personal wallets in mid-February. This success has led to more financial institutions becoming interested in participating in the digital ruble project, which is expected to continue throughout the year.

The Spot Market is Open

Friday, April 29, 2022

Crypto
Updated at
USD
Price

Change

%Change
10.30 BTC38,619.06-285.96-0.74
10.30 ETH2,811.65-48.35-1.69
10.30 LTC100.92+0.61+0.61
10.30 BNB396.05-0.66-0.17
10.30 XRP0.62-0.00-0.03
10.30 ADA0.81-0.01-1.40
10.30 DOT16.22-0.25-1.52
10.30 DOGE0.14-0.00-2.46
10.30 UNI7.68-0.26-3.26
10.30 LINK12.08-0.20-1.63

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