In a new letter, a trio of Senate Democrats has pressed the new head of the Office of the Comptroller of the Currency (OCC) about the US President’s crypto ventures and a potential conflict of interest related to the Trump family’s stablecoin, USD1. Senators Question Banking Regulator On Thursday, three Democratic senators sent a letter…
Data shows the cryptocurrency derivatives market has seen more than $700 million in long liquidations as Bitcoin and altcoins have plummeted. Bitcoin Price Just Made A Low Under $115,000 Bitcoin and the wider cryptocurrency market has witnessed a wave of bearish momentum during the past day as prices across the coins have declined. BTC went…
Bitcoin (BTC) is navigating a period of heightened uncertainty as its price struggles to regain upward momentum following recent declines. Over the past 24 hours, the world’s largest cryptocurrency recorded a dip to $114,326 before slightly recovering above the $115,000 mark. Despite this rebound, the asset remains under pressure, with recent market movements highlighting potential…
The global crypto market took a sharp downturn on August 1, dropping nearly 6% in 24 hours, as investor sentiment soured amid escalating U.S.–China trade tensions and uncertain Federal Reserve policy. The sell-off wiped billions from crypto valuations, with Bitcoin falling to $114,322 and over $577 million in long positions liquidated, according to CoinGlass data….
The United Kingdom’s Financial Conduct Authority (FCA) has announced plans to lift its current restrictions on retail access to crypto exchange-traded notes (cETNs), opening up a segment of the digital asset market previously reserved for professional investors. This decision marks a significant policy shift as the regulator seeks to balance consumer protection with growing demand…
Bitcoin (BTC) has continued to face resistance below the $120,000 level, with price action showing little momentum to push the asset toward a new high. At the time of writing, the world’s largest cryptocurrency is trading above $118,000, reflecting a slight pullback of around 3.6% from its most recent all-time high. With the asset still…
The International Monetary Fund (IMF) used a July 31 staff blog to say the quiet part out loud: Bitcoin now belongs inside the world’s core economic statistics. The post—timed to the UN Statistical Commission’s approval of the updated System of National Accounts (SNA)—states that “Bitcoin, for example, has a tangible economic impact, including because it…
Bitcoin’s latest push towards $120,000 fizzled into a stall-out that now resembles a “failed breakout zone,” according to market analytics firm Swissblock. In a July 31 thread, the firm said “momentum has failed to ignite,” arguing that realized-profit flows and an overwhelming share of coins sitting in profit have turned every bounce into an opportunity…
Bitcoin plunged below $115,000 on Friday as renewed political pressure from former President Donald Trump unsettled markets. The top cryptocurrency dropped to $113,164, its lowest in weeks, triggering over $200 million in liquidations from leveraged long positions and raising fresh concerns over investor confidence. The drop comes amid escalating geopolitical tension. Trump Orders Submarine Move…
Strategy is raising more money to buy Bitcoin. Based on reports, the company filed with the US Securities and Exchange Commission on July 31 to offer up to $4.2 billion of its new Variable Rate Series A Perpetual Stretch Preferred Stock, or STRC. The move follows a recent IPO that funded another large Bitcoin purchase….