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Bitcoin was not able to escape the market chaos. Prices fell from moreover $58,000 to less than $50,000 on that doomed Monday, marking the cycle's greatest decline.
In an effort to curb illegal mining and the crimes it spawns, the Russian Duma has approved a bill legalizing Bitcoin mining and cryptocurrency payments.
As a result of the huge increase in liquidity that Solana's blockchain is presently experiencing, it has established itself as a trailblazer in the field of decentralized finance (DeFi).