Tag Archives: btcusdt

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...

The past 24 hours saw the majority of altcoins crash by a considerable margin and there are no signs of slowing down. However, there’s also a clear discrepancy between the price performance of certain altcoins to that of Bitcoin and Ethereum, both of which have remained relatively resilient. Bitcoin Dominance Soars Over the past 24 hours, Bitcoin’s dominance increased to around 46% (data from CoinGecko). This is a major difference. The metric tracks Bitcoin’s share relative...

Dan Sunghan – Director of the Financial Crime Investigation Bureau at the Seoul Southern District Prosecution Service – claimed that the former crypto mogul Do Kwon had moved nearly $30 million in digital currencies to an unknown wallet shortly after his arrest in Montenegro. The 31-year-old South Korean has faced huge criticism and was blamed for having a hand in the massive LUNA/USD collapse last year that triggered multi-billion investor losses. He allegedly spent several...

What a week… There’s absolutely no need to beat around the bush, so let’s kick it off directly … the United States Securities and Exchange Commission sued Binance. That’s right, the world’s largest cryptocurrency exchange is under siege. Binance, Binance US, and Changpeng Zhao are all named in the lawsuit, as the SEC is out for blood. The Commission has asked the court to freeze the assets of Binance US and has also issued a summons for CZ. Since he’s not a US citizen,...

The overall market cap fell to $1.07 trillion – a level last seen three months ago – before a modest recovery to the press time figure of $1.1 trillion. Bitcoin, for one, dumped close to a two-month-low after weeks of trading largely rangebound in recent months. Several top altcoins posted higher losses prompting concerns about additional market stress. Despite this, on-chain data reflected a bullish picture as investors remained resilient in the face of severe regulatory...

The price of Bitcoin is currently on a downward trajectory since it faced resistance at $30K in April. However, there are notable support levels that may prevent further decline. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the Bitcoin price has consistently formed lower highs and lows in the past couple of months. The 50-day moving average acted as a strong resistance, causing a downward rejection near the $28K level. Following yesterday’s rebound,...

Bitcoin has undergone numerous ups and downs in its relatively short history, but only a few have been proclaimed as a full-on bull market. The latest one was back in late 2021 when the cryptocurrency skyrocketed to its ATH of $69,000. What followed was a massive price decline that resulted in BTC dumping all the way down below $20,000 amid multiple collapses in the industry, as well as galloping global inflation and war in Europe. As bitcoin has recovered a lot of ground...

Bitcoin bull markets are typically categorized by tremendous price swings, and even though the direction is up, corrections also take place. During the last Bitcoin bull market that took place in 2021, the BTC price reached an all-time high just shy of $70K. It started the year trading at around $20K, exploded above $60K on a couple of different occasions, retraced by almost 50% toward the middle of the year, and shot up once again to almost touch $70K in November. Source:...