In Brief TRUMP hit a monthly low of $11.07, with bearish sentiment keeping the price below key resistance at $14.48. The Chaikin Money Flow (CMF) shows weakening investor confidence, with outflows increasing and no signs of strong accumulation. If TRUMP fails to hold $11.07, it could drop below $10.00, but a broader market recovery could…
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In Brief Galaxy Research expects Bitcoin to surpass $185,000 due to increased adoption by nations and major corporations. The stablecoin market is anticipated to grow beyond $400 billion, driven by new entrants and evolving regulatory clarity. The US government is unlikely to buy Bitcoin directly but discussions around a Bitcoin reserve policy would develop. Galaxy…
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In Brief The US Supreme Court has allowed the sale of 69,370 Bitcoin seized from Silk Road, worth around $4.4 billion. The appeal by Battle Born Investments, claiming ownership of the BTC, was rejected, solidifying government control. The US Marshal Service will oversee the sale, which could impact Bitcoin markets amid political speculation. …
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In a nutshell the cryptocurrency bill from New Jersey proposes classifying virtual currencies for institutional investors as securities, thereby expanding the scope of regulatory oversight for digital assets. For institutional investors, the proposed US cryptocurrency law provides a framework that classifies virtual currencies as securities subject to state regulations. The bill characterizes advanced resources and…
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Briefly Binance. US denies reports about its Bitcoin Money (BCH) holds, expressing it keeps a 1:1 save proportion. The trade briefly ended BCH withdrawals because of specialized issues yet has since completely reestablished the help. In the midst of administrative tensions and banking accomplice severance, Binance. Last week, the price of Bitcoin varied in the…
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