Bitcoin rallies to $61K, but derivatives traders are still skeptical — Here is why
Bitcoin price shows strength ahead of a key Federal Reserve monetary policy decision on Sept. 18, but data suggests the momentum may not last.
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Robinhood reaches $3.9M settlement over blocked crypto withdrawals
Robinhood Crypto LLC has agreed to pay $3.9 million to settle claims it failed to let customers withdraw cryptocurrency from their accounts between 2018 and 2022.
Bitcoin price spikes 5% to $13.5K shortly after ECB stimulus announcement
The price of Bitcoin (BTC) increased from $12,920 to $13,600 in four hours, recording a 5% rally. The uptrend coincides with positive developments from the European Central Bank (ECB) and optimistic job data from the U.S.BTC/USD 1-hour chart. Source: TradingView.comMacro factors favor Bitcoin rallyThroughout the past week, BTC has continuously rallied despite negative macro factors.…
2 key metrics suggest Bitcoin price won’t be pinned below $33K for long
Over the last 48 hours, Bitcoin (BTC) price climbed from $31,000 to $34,800 before reversing course and dropping the majority of these gains. While this $3,800 shift to the downside might not seem significant, the 12% oscillation liquidated $660 million worth of futures contracts.While it’s unlikely that there will ever be a definitive answer behind…
Omniex Appoints Former SEC and FDIC Execs to Board of Advisors
Institution-oriented crypto trading platform Omniex has expanded its staff with high profile experts, including former execs of major U.S. financial regulators, according to a press release Aug. 7. Omniex has appointed former U.S. Securities and Exchange Commission (SEC) chairman Arthur Levitt and Federal Deposit Insurance Corp (FDIC) chair Sheila Bair as members of the board…
Senate Banking Committee chair calls for coordination with Treasury on crypto
The committee chair cited crypto exchange FTX’s “alarming fraud”, liquidity crunch, and bankruptcy as an example of financial risk Treasury and regulators should address. 403 Total views 2 Total shares Sherrod Brown, chair of the United States Senate Banking Committee, has called on Treasury Secretary Janet Yellen to work with financial regulators and lawmakers on…
3 reasons why Bitcoin price quickly recovered after dropping to $15.7K
The price of Bitcoin (BTC) dropped to as low as $15,670 on Binance on Nov. 15. The highly volatile drop came hours after BTC reached $16,355, demonstrating strong momentum. Three key factors likely caused the overnight drop in the price of Bitcoin. The three potential factors are a weekend shakeout, the daily moving average (MA) retest,…
Bitcoin circles $63K as liquidity sparks hopes of 40% BTC price gains
Bitcoin stands to potentially gain big from global liquidity trends, analysis concludes, as the June BTC price downtrend ends.