Bitcoin (BTC) Price Approaches $60,000 as Crypto Bounce Accelerates Led by Ripple’s XRP Rally

Meanwhile, Russian President Vladimir Putin signed a bill legalizing cryptomining in the country. “Russia appears to be acting to keep pace with the US. Nationwide 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 the foundations of the network and diversify the miner’s politics.”