Bitcoin sell pressure could ramp up after 49.7K BTC onchain move

Bitcoin traders are eyeing $68,000 if it can stay above $64,000, a level it has struggled to hold above after 20 days below.

In his new position as Ledger’s vice president of NFTs, Brooks will be responsible for bridging the platform with the artistic community. 2302 Total views 15 Total shares Apple Music veteran Parker Todd Brooks is leaving the company to join Ledger, one of the biggest providers of cryptocurrency hardware wallets.According to a Friday announcement, Brooks…

Multiple United States congresspersons recently expressed their displeasure at the OCC's focus on crypto this year. 1569 Total views 11 Total shares Brian Brooks, the former Coinbase executive turned leader of the U.S. Office of the Comptroller of the Currency, or OCC, recently received a letter from multiple members of Congress expressing concerns over his…

Cryptocurrency traders were caught by surprise after the Oct. 13 Consumer Price Index Report showed inflation in the United States rising by 0.6% in September versus the previous month. The slightly higher-than-expected number caused Bitcoin (BTC) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. The abrupt movement caused $55…

The state financial regulator alleged that Celsius violated state security laws by offering high crypto interest rate accounts to customers and unethically using clients’ funds to invest in illiquid products. 238 Total views 42 Total shares Vermont's Department of Financial Regulation (DFR) issued a warning against troubled crypto lending firm Celsius on Tuesday, reminding users…

A fintech-positive U.S. banking regulator sees a role for private companies in providing better banking services. The United States Acting Comptroller of the Currency, Brian Brooks, recently expressed his willingness to embrace fintech solutions in an interview with CNN.Brooks, who was formerly Chief Legal Officer at Coinbase, explained that his job now was to “identify…

Four major blockchain companies have formed a “Blockchain for Europe” Association, according to a press release Dec. 5. The association seeks to promote the understanding and proactive regulation of blockchain and other distributed ledger (DLT) technologies across the continent.The four participant companies are Ripple, the NEM Foundation, Emurgo – which supports commercial ventures based on…

Bitcoin dropped below the psychologically important level of $10,000 on Feb. 15. This has dragged the crypto markets lower, whose market capitalization has dropped below $300 billion. Though Bitcoin has declined, its market dominance has risen from below 61% on Feb. 15 to 62.5%. This shows that altcoins have fallen more than Bitcoin.Serial venture capitalist…