CNV chair Roberto E. Silva stated that the country “worked against the clock to advance compliance” efforts, aimed at preventing money laundering and terrorism financing.
Blockstream CEO perceives that a time will come when the BTC halving supply shock effect will finally be felt.
Capriole Investments notes a critical link between hash-ribbon weakness and corrective price movements in Bitcoin.
The Binance exchange lost approximately $67 million within the last day, accounting for about 44.74% of the entire loss. During the same period, more than $46 million were liquidated from OKX, while Bybit lost around $20 million.
If Bitcoin fails to break its all-time high and falls below $55,000, Brandt warns of a potentially more bearish scenario – “exponential decay”.
Despite hitting an all-time high of $73,800 nearly three months ago, BTC still needs to revisit these levels, stalling in its price discovery phase.
Both Bitcoin and Ethereum are trading above their respective maximum pain points. However, as the assets approach these critical price levels, traders may witness increased buying or selling pressures, influencing market sentiment.
The partnership between Unchained and UATX comes at a time when academic institutions are increasingly showing interest in the crypto sector.
Should the current trend mirroring Bitcoin’s on-chain activity in 2020 continue, it could have significant implications for its price trajectory.
Mt. Gox has around $9.2 billion worth of BTC to return to its former customers, and the deadline is October 31, 2024.
10x Research head Markus Thielen stated that inflation data for the month of May will be the crucial decision maker as to where is Bitcoin price heading from here.
Liquidations across centralized exchanges accounted for the entire $159 million loss. Binance, the world’s largest crypto exchange, suffered the most.
Despite the optimistic signs of re-accumulation and bullish sentiment, Glassnode highlights that the current bitcoin bull cycle appears to be more tempered compared to historical cycles.
Riot also pointed out that the merger would be advantageous for shareholders of both companies.
Despite the bullish predictions for the two top digital assets, it is meme coins that are witnessing a surge in market performance today.