BTC price at 11x S&P 500 signals Bitcoin is 'rolling over' — Analyst
Bitcoin may still be the “fastest horse” in the risk asset race, but its signals are anything but encouraging for bulls, says Bloomberg’s Mike McGlone.
Related Posts
Bitcoin Briefly Breaks $8,000 as US Stock Market Sees Slight losses
Wednesday, June 12 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again after breaching it earlier today.Market visualization courtesy of Coin360Bitcoin is currently up over 2% on the day, trading around $7,987 at press time, according to Coin360. Looking…
OKCoin Launches Support for Singapore Dollar and Opens Local Office
OKCoin, one of the world’s oldest cryptocurrency exchanges, is continuing to expand its fiat-to-crypto onramps by adding support of the Singapore dollar (SGD).Starting March 12, OKCoin users can deposit and withdraw Singapore’s official fiat currency — the Singapore dollar — for major cryptocurrencies like Bitcoin (BTC) and Ether (ETH).As the Singapore dollar is also officially…
G7 pushes accelerating global implementation of ‘travel rule’ for crypto assets
Group of 7 members met in Japan, where they discussed CBDCs and crypto regulation, with an eye toward quickly implementing the “Travel Rule” for crypto assets. 664 Total views 3 Total shares The G7 committee recently met in Niigata, Japan to discuss, among other topics, the global financial implications for central bank digital currencies (CBDCs)…
GBTC unlock edges closer as impact on Bitcoin price remains unclear
As Bitcoin (BTC) struggles around the $32,700 mark after the July 8 price drop, another major event looms over the flagship cryptocurrency in July, the Grayscale Bitcoin Trust (GBTC) unlock.A total of nearly 40,000 BTC will be unlocked in July, amounting to nearly $1.5 billion in notional value. The biggest of these unlocks will be…
Buterin ups X activity in August, posts more than last 18 months
After moving to Farcaster, Vitalik Buterin appears to be back on X with over 150 posts or replies in the last month.
The US SEC amendments and SAFT process
Earlier this year, the United States Securities and Exchange Commission — in both the SEC versus Telegram and SEC versus Kik cases — vigorously argued that sales of contractual rights to acquire tokens on a when-issued basis (widely referred to as Simple Agreements for Future Tokens, or SAFTs) should be integrated with later sales of…
Community Donates 0.7 BTC to Phishing Victim Who Lost Entire Bitcoin Holdings
Crypto community members have donated 0.7 BTC to the victim of a phishing scam who lost his entire Bitcoin savings. 756 Total views 19 Total shares The crypto community has rallied in support of the victim of a phishing scheme who lost 12 Bitcoins (BTC) — the entirety of the investor’s holdings that had been…
ASI Alliance expands with fourth member pending community vote
Cudos joins the ASI Alliance pending a community vote, potentially enhancing its decentralized AI and cloud computing capabilities.