Bitcoin traded on the back foot in Friday morning’s early deals as investors failed to keep the momentum from the last week. Much like many of the heavy sell-off days in January, most of the leading digital currencies were trading in negative territory, with Bitcoin slipping 1.5% to around $43,300. Prior to today and Thursday, the world’s leading cryptocurrency notched up its longest rally since September as speculation that Russia’s government and central bank will begin to accept crypto as legal tender consolidated investors’ recent positivity surrounding crypto.
More transactions were completed using China’s digital yuan currency than Visa (NYSE:V) (Visa (NYSE:V)) on the day of the 2022 winter Olympics opening ceremony, according to reports. Sources familiar with the matter, cited in the Wall Street Journal, stated that digital yuan transactions outnumbered visa ones at the Beijing National Stadium on February 4th. However, many retailers just outside this bubble are also all allowing customers to pay using the digital currency, with the report stating e-CNY transactions are seemingly pulling ahead of Visa ones.