Bitcoin Wyckoff pattern eyes $85K, but BTC price must close the week above this level first

United States regulator the Securities and Exchange Commission (SEC) says it will shortly commence the countdown period to approval or disapproval of the VanEck/SolidX Bitcoin exchange-traded fund (ETF). The news was announced in an unpublished notice that was filed on Feb. 19.The move is the latest in a series of back-and-forth exchanges between the SEC…

Philip Coggan, a British business journalist and news correspondent who writes for The Economist, once mentioned, “Modern money is debt and debt is money.” Few would disagree with this claim. Yes, the vast majority of money circulating today — so-called broad money — represents a specific type of credit–debt relationship.This relationship is at the heart…

Bitcoin (BTC) hodlers have capitulated more than at almost any point in Bitcoin’s history this month.Data from on-chain analytics firm Glassnode confirms that the November 2022 BTC sell-off was the fourth-largest ever.Bitcoin investors see multi-billion-dollar lossesIn the latest edition of its weekly newsletter, “The Week On-Chain,” Glassnode got to grips with the impact of the FTX…

The cryptocurrency market found itself in a holding pattern on Aug. 17 as the price of Bitcoin (BTC) lingers below $46,000 and bulls regroup to plan their next attempt to push the price higher. Despite the struggles faced by many of the top cryptocurrencies, several altcoins were buoyed by positive developments and CT Pro's top market…

Is Russia harming its economy by banning crypto payments? As Russia is about to officially ban crypto payments within its borders starting on Jan. 1, 2021, Cointelegraph tracked down some senior executives in the crypto industry to talk about the implications of such a ban.Russia’s primary crypto opponent is Anatoly Aksakov, a member of the…

The Monetary Authority of Singapore had its reasons, and there was nothing more it could have done about the FTX threat any way, just like other national regulators. 780 Total views 6 Total shares The Monetary Authority of Singapore (MAS), the country’s central bank, released a statement Nov. 21 to address “some questions and misconceptions…

The Anhui government is addressing growing electricity demand by shutting down local crypto mining operations. 478 Total views 6 Total shares The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province.Authorities at Anhui, a small province in eastern China, have announced a set of measures to…

South Korea’s Financial Services Commission (FSC) has issued a statement to warn investors to be cautious while investing in cryptocurrency funds, according to documents published on the official FSC website on Oct. 24.According to the FSC, investors might be misled by cryptocurrency funds, mistakenly believing that those public funds represent legal investing tools that comply…