Bitcoin Lags Behind Ethereum & Altcoins Despite Strike, Robinhood, and Legal Tender News

cryptonews.com:

The bitcoin (BTC) price lagged behind ethereum (ETH) and other major altcoins today, despite a series of bullish news announcements coming from the Bitcoin 2022 conference in Miami, USA.

At 09:50 UTC on Friday, BTC stood at USD 43,644, up just 0.6% for the past 24 hours and down 4% for the past 7 days. 

At the same time, ETH stood at USD 3,290, up 2% for the past 24 hours and staying unchanged for the past 7 days, while other major altcoins such as BNB and solana (SOL) were up by 0.8% and 3.5%, respectively, for the past 24 hours.

BTC price past 14 days:

The sluggish price performance happened despite the Bitcoin 2022 conference, a major annual conference for Bitcoin enthusiasts, offering a number of major announcements that would usually be considered bullish for the price of BTC.

Among the most notable announcements was one by Jack Mallers, CEO of the bitcoin payments provider Strike, who said on Thursday that his firm made deals that will allow BTC to be used as payment at online merchants using the Shopify platform and a large number of physical retailers across America.

"When I walk into Whole Foods, when I walk into Chipotle later this year, and now I want to be able to use my Lightning node over Tor, I care about my privacy," Mallers said on stage at the conference.

Mallers further announced that:

"Strike also partnered with Blackhawk, [...] one of the largest payment providers in the world for alternative payments. They have 400,000 storefronts and 37,000 partners," adding: "And then my haymaker, we've also partnered with the largest point of sale provider on the entire planet, NCR."

Commenting on the announcement from Mallers, the well-known macroeconomist and investment strategist Lyn Alden, founder of Lyn Alden