El Salvador, the small Central American nation that made history just over a year ago when it made Bitcoin (BTC), recently marked its first year of BTC adoption. The Salvadoran government touted BTC as a tool to attract foreign investment, create new jobs and cut reliance on the United States dollar in the country’s economy at the time of adoption. Many BTC proponents and the libertarian community rallied behind the small nation despite mounting pressure from global organizations such as the World Bank and International Monetary Fund (IMF) to remove BTC as a legal tender. A lot has changed over …

The price of Bitcoin (BTC) recovered by more than 8% overnight on March 1 following a steep drop during the weekend. There are three reasons the price of Bitcoin recovered swiftly over the past 24 hours. They include the recovering global stock market, rising Coinbase premium and a typical weekend reversal. Rising global stock market coincides with weekend reversal The global stock market started to recover as soon as the market opened on Monday. The stock market slumped during the past week due to the rising Treasury yield curve. As the bond market rallied, risk-on assets, such as stocks, saw …