Bitcoin recovers lost ground for the year as cryptocurrency 'bull raises its head'

Last Tuesday, El Salvador's Finance Minister Alejandro Zelaya said he would postpone a $1 billion bitcoin bond issue as the government waits for the general environment in international financial markets to improve. He said the delay was mainly due to the dramatic fluctuations in bitcoin prices triggered by the conflict between Russia and Ukraine. "This is not the time to issue the bond, the market changes may be different in May or June, and it will be issued in September at the latest, after September you may have a hard time raising funds in the international market."

Bullish on the growth of the cryptocurrency industry? Bridgewater, Goldman Sachs speed up entry into crypto sector

Last week, two people familiar with the matter revealed that Bridgewater, the world's largest hedge fund, is planning to back an external crypto investment vehicle. One of the sources said the firm has no intention of directly investing in crypto assets per se at this time. Also last Monday, Goldman Sachs executed its first over-the-counter crypto options trade, another step in the bank's quest to offer cryptocurrency derivative financial instruments to institutions. In a statement, Goldman Sachs said it executed a non-deliverable bitcoin option, a derivative linked to the price of bitcoin and paid in cash.