Bitcoin price flash crash raises chance of BTC dip to $54K

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The leverage used in the Bitcoin (BTC) futures market has fallen significantly in the past several days. This indicates that traders are generally uncertain about where BTC is heading in the near term.Estimated leverage on Binance. Source: CryptoQuantWhat is leverage and why is this metric crucial for Bitcoin market sentiment?In the Bitcoin futures market, traders…

The price of Bitcoin (BTC) has rebounded strongly from sub-$17,600 to $18,400 in the past 24 hours. Now, two major technical indicators are signaling the likelihood for a larger relief rally.The 4-hour price chart of Bitcoin is showing a bullish divergence just as it prints a TD9 buy signal. Both indicators typically light up when…

More opposition has come in at the last minute to the year-old proposal reimagining the SEC’s definition of a securities exchange. 544 Total views 2 Total shares The United States Securities and Exchange Commission (SEC) extended the comments period for its proposal to amend Rule 3b-16 of the Securities Exchange Act of 1934, which ended…

Former Binance CEO Changpeng "CZ" Zhao has contested the U.S. Department of Justice's assertions that he is a flight risk and may not return before his sentencing next year. 498 Total views 3 Total shares Former Binance CEO Changpeng "CZ" Zhao has opposed the United States government's efforts to block his return to the United

The DeFi market continues to heat up, with Alameda Research identifying Southeast Asia as a potential growth hub. 2313 Total views 18 Total shares Alameda Research has expanded its investment portfolio by allocating $4 million to Coin98 Finance, an up-and-coming decentralized finance platform from Vietnam, according to Chinese fintech outlet ChainNews.Coin98 Ventures, the venture capital…

Kelly Loeffler, former CEO at the Intercontinental Exchange (ICE)-backed crypto trading platform Bakkt, has been sworn into the United States Senate.In a Jan. 6 tweet, Loeffler announced that she was sworn into the U.S. Senate by Mike Pence, the Senate’s chief officer, to become Georgia’s newest Senator.Loeffler casts first vote to support Trump’s pickto lead…

The Aura FAT SPAC listed on Nasdaq and ended its IPO with $115 million in funds after finishing an over-allotment round. 380 Total views 21 Total shares Aura FAT Projects Acquisition Corp. (AFARU), a special purpose acquisition company (SPAC), has closed its IPO on Nasdaq and raised $115 million, with a focus on crypto industry…

The New York Attorney General has filed a lawsuit against crypto investment platform Coinseed for allegedly defrauding investors and selling a token that remains unlisted three years later. 2086 Total views 13 Total shares New York State Attorney General Letitia James has sued crypto investment platform Coinseed Inc for allegedly defrauding thousands of investors out…