Bitcoin Nears $60K as Crypto Bounce Accelerates, but Recovery Might Be Choppy

Meanwhile, Russian President Vladimir Putin signed a bill that legalizes crypto mining in the country. “Russia seems to be acting to keep up with the US. Nation-level bitcoin FOMO (fear of missing out) is heating up,” said Ki Young Ju, CEO of crypto analytics firm CryptoQuant. “Their entry will boost the hashrate, strengthen network fundamentals, and diversify miner politics.”