Tag Archives: btcusdt

After several days of depressing price movements, bitcoin finally went on the offensive and shot up by almost $2,000 in the past 24 hours to register its highest price tag since June 8. Expectedly, this has resulted in millions of dollars worth of liquidations, with short positions representing almost 80%. Following the SEC’s lawsuits against the two largest crypto exchanges – Binance and Coinbase – as well as the CPI numbers from Wednesday and the Fed’s pivot from its...

There aren’t too many favorable developments within the cryptocurrency community lately. It all started last Monday when the US SEC decided to begin a legal battle against Binance and doubled down on its crackdown against large crypto exchanges by suing Coinbase the very next day as well. Expectedly, these rather unexpected events led to massive price crashes for the majority of crypto assets. Nevertheless, many managed to recover most losses by the end of last week, but it...

Francis Suarez – the mayor of Miami – filed documents to run for President of the United States. He will be a candidate of the Republican party, attempting to prevail over well-known names, such as Donald Trump and Ron DeSantis.  Suarez is an outspoken advocate of bitcoin, and his administration has introduced numerous initiatives focused on the asset. He also became the first US politician to receive his salary in BTC instead of fiat currency.  The Latest Candidate is a...

The Federal Reserve opted not to raise its federal funds rate following the Federal Open Market Committee (FOMC) meeting on Wednesday, breaking an uninterrupted streak of aggressive hikes dating back to March 2022.  Bitcoin reacted to the announcement with minimal volatility, staying rangebound between $25,800 and $26,000. Bitcoin traded for $26,000 minutes before the Fed’s announcement, before falling to $$25,756 moments afterward. It trades for $25,868 at press time.  The...

The indicator that displays the general sentiment toward bitcoin – the BTC Fear and Greed Index – dropped to “Fear” territory on June 13 and June 14. The last time the metric remained in that zone for two consecutive days was in the first half of March. One possible reason behind the trend’s change could be the shockwave the US SEC caused on the crypto market after filing lawsuits against Binance and Coinbase. Bitcoin stood well above $27,000 last Monday but went through some...

Michael Saylor – Executive Chairman of MicroStrategy – believes the regulatory pressure coming from the US SEC could be a bullish factor for bitcoin’s price and increase its dominance above the other digital assets.  The American predicted that many altcoins will be deemed securities and exchanges will delist them. BTC will be among the few to be spared, whereas its market share dominance could spike to 80%, Saylor added.  Bitcoin is ‘Destined’ to Succeed One of the keenest...

The Bitcoin price remains in a consolidation phase below the $30K resistance level following its unsuccessful attempt to break above it a few weeks ago. Nonetheless, several nearby support levels have the potential to act as catalysts for a possible bounce. Bitcoin Price Technical Analysis By: Edris The Daily Chart: On the 4-hour chart, the price is still trapped inside the large descending channel and is on a slow downtrend, making lower highs and lows. Currently, the $26K...

A newly-surfaced video that dates back to 2018 showed that the current Chairman of the US Securities and Exchange Commission (SEC) – Gary Gensler – classified several cryptocurrencies, including Bitcoin (BTC) and Ether (ETH), as “not securities.”  His stance from nearly five years ago contrasts with his nowadays vision. Gensler has argued several times that the only digital asset which could categorize as a commodity is BTC.  Gensler’s View Before Becoming SEC Chair The...

The U.S. Securities and Exchange Commission went ham on crypto exchanges last week by filing toothy lawsuits against Binance and Coinbase. While crypto exchanges and altcoins are in the hot seat, the regulator is leaving BTC and ETH alone, at least for now. When news of the SEC’s lawsuit against Binance and Coinbase hit markets, the prices of all assets plunged across the board. BNB crashed 10% in 24 hours. It lost another 5% on Sunday and kept dumping on Monday to a...

Due to unclear regulations in the United States, more than half of the bitcoin (BTC) that crypto firms hold for their customers has moved to offshore and international exchanges. According to a CryptoQuant research report shared with CryptoPotato, BTC reserves on U.S.-based crypto exchanges are down to 2017 levels, as they are being lost to non-U.S. platforms. Offshore Exchanges Dethrone US Crypto Platforms The significant decline in BTC reserves on American exchanges stems...