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Happy Monday Folks! Over the weekend, Bitcoin made an attempt at a small rally above $26K but was quickly pulled back down and now it's attempting to retest it once again; the price of Bitcoin is currently at $25,978.76. The fear and greed index is at 47 - the lowest it's been in quite some time and the best performing asset for the past 24 hours is $XRP up 0.16%; in position #6. Let's dive into what is of importance.
SEC, CPI and a 'strong rebound': 5 things to know in Bitcoin this week (Cointelegraph):
- Bitcoin loses key trend line, but some remain bullish
- Bitcoin runs gauntlet ahead of "massive" macro week
- Bitcoin fundamentals to the moon
- Miner exchange inflows jump
- Whales boost BTC exposure during altcoin sell-off
Crypto fund outflows reach $417M over 8 weeks as investor caution persists.
Bitcoin and ether prices decline ahead of U.S. inflation data, interest rate decision; but remains resilient. In addition, Bitcoin and ether reserves fall below 50% on US exchanges amid regulatory crackdown. Bitcoin Dithers Below $26K as Investors Eye CPI Data, FOMC Rate Hike Decision.
Indicator: Bitcoin (BTC) Hovering at ‘Decision Point’ As Critical On-Chain Metric (MVRV) Foreshadows Next Move: Glassnode
Bitcoin whale ‘hodling’ sparks hope for BTC price rebound. Bitcoin Bearish Signal: Miners Sell At 3rd Largest Scale Ever. Meanwhile, As crypto burns, solo bitcoin miner wins BTC ‘lottery.’ Ordinals recursive inscriptions could unlock 3D video games on Bitcoin.
ARGENTINA’S BITCOIN COMMUNITY CREATED THE WORLD’S LARGEST HUMAN BITCOIN LOGO
Tether mints 1 billion of USDT on Ethereum to support chain swaps. Thailand launches retail CBDC pilot with 2 banks and Singapore payment service. Bank of China issues $28M in digital structured notes on Ethereum blockchain.
BNB whale cashes out $2.3 million after two years of dormancy amid regulatory woes. BNB Chain to Take Over Venus Protocol’s $150M Position as Loan Approaches Liquidation Threshold. XRP Surges With Promising Investment Inflows Amid Crypto Market Downturn. XRP ‘Technical Indicators Suggest a Strong Sell Sentiment.’ Canada's Largest University, The University of Toronto, Starts XRP Validator in New Partnership With Ripple. XRPL Might Go 'Inter-Chain' With This Mechanism. Cardano’s worst week since May 2021 is over — Will ADA price rebound 40%? Technical Indicators Suggest Strong Buy. Dogecoin Technical Indicators Suggest Strong Buy. Proudly un-American: Polygon 2.0 will be ‘developed and deployed outside US’ too.
Binance Removes 10 BNB Trading Pairs and Binance.US sees 78% decline in market depth following SEC lawsuit; adds former SEC enforcement co-director to legal team. SEC's Temporary Restraining Order Would 'Effectively End' Binance.US Business, Company Claims. Coinbase invited to set up shop in Hong Kong after SEC lawsuit. JPMorgan says crypto exchanges may be forced to register with SEC. Decentralized Exchanges See Spike in Market Share Amid Regulatory Uncertainty in the US: IntoTheBlock.
House Republicans try to oust Gensler with new bill. Brian Armstrong points the finger at SEC vs. CFTC turf war; says Coinbase is staying in US despite regulatory pressure. SEC Crypto Crackdown Adds Urgency for U.S. Lawmakers to Produce Regulatory Framework This Year: JPMorgan. SEC’s proposed exchange definition would cause ‘de facto expatriation’ of DeFi companies.
Opinion: Billionaire Mark Cuban says it's ‘Near Impossible To Know’ What Is or Is Not ‘A Security in the Crypto Universe’ Billionaire Chamath Palihapitiya Says SEC Covering Its Faults in Regulator’s Current Assault on Crypto Firms. Winklevoss Twins Say Democrats Will Face Blowback From Voters After Anti-Crypto Stance.
Bitcoin Rewards Scam: 1,000+ Fake Websites Involved.
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Podcast of the Day: #1209 Dom Bei | Firefighters Are Buying Bitcoin! | TPP
