Bitcoin: why there was a strong correction

Despite the bullish momentum generated by the adoption of the Bitcoin As legal tender in El Salvador, Bitcoin closed the week with a sharp drop in price, dropping 15% to $ 34,000 in just 2 hours. For its part, the World Bank has spoken out against El Salvador, saying it cannot support the measure due to “environmental and transparency” concerns.

As cryptocurrency becomes more and more mainstream, with more and more financial institutions, companies like PayPal, Visa and Tesla will compete to use this technology in a sustainable way. In this sense, Ripple (whose ticket is known as XRP) has partnered up with Energy Web (EW) and Rocky Mountain Institute (IRM) to decarbonize public blockchains. Ripple is also committed to achieving net zero carbon by 2030 or earlier.