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“# Q3 saw significant crypto market recovery from May crash, says new report ” Cryptocurrency data aggregator CoinGecko has released its Q3 2021 report showing massive gains across several crypto market sectors. Following the May market crash, Q3 began on a low ebb for the crypto space, with market capitalization even dipping further in late…
“# Polygon can hit $3.50 in Q4 as MATIC’s 20% weekly rally triggers bull flag setup ” Polygon (MATIC) has the potential to reach $3.50 by the end of this year as it charts a pattern that’s starting to resemble a bull flag. In detail, bull flags are bullish continuation patterns that emerge when the…
“# Bank of Russia to assess Bitcoin holdings volumes as $36M leave banks ” The central bank of Russia is trying to evaluate the amount of Bitcoin (BTC) held by local investors amid a massive amount of money not returning to banks following the pandemic-fueled withdrawals. According to Elizaveta Danilova, head of the central bank’s…
“# Second largest US mortgage lender UWM dumps Bitcoin payment plans ” United Wholesale Mortgage (UWM), one of the largest wholesale and purchase lenders in the United States, is ditching Bitcoin (BTC) payment plans after running a test. UWM officially announced Thursday that the company has successfully conducted its first-ever cryptocurrency mortgage pilot, accepting five…
“# Bitcoin hits $60K for the first time since April after reports of imminent ETF approval ” Bitcoin has surpassed the $60,000 mark briefly for the first time since April 2021. The price has been boosted by reports suggesting a Bitcoin futures ETF is likely to begin trading in the United States as early as…
“# Ethereum price hits $3,800, boosting bulls’ control in Friday’s ETH options expiry ” Ether (ETH) entered a slightly bullish channel earlier this month, and currently the price is marching toward the $3,800 level. Despite the recent turbulence, Ether bulls are set to bag a $53 million profit on this Friday’s weekly options expiry. Investors…
“# What else is moving as Bitcoin price inches toward a new ATH? ” Bitcoin (BTC) is hot and clearly in the hands of bulls. Yes, eventually an ETF is coming and after that a $100,000, no $120,000, scratch that, $150,000 BTC price will be on the board. Blah, blah, blah. Anyone logging onto crypto…
“# Coinbase unveils its Digital Asset Policy Proposal to spark conversation around comprehensive crypto regulation ” On Oct. 14, cryptocurrency exchange platform Coinbase published its Digital Asset Policy Proposal, a document offering both a justification and conceptual framework for comprehensive regulation of digital assets in the United States. Coinbase presented the proposal as a product…
“# Mexico’s president rules out accepting crypto as legal tender ” President of Mexico Andrés Manuel López Obrador said the country was unlikely to follow in El Salvador’s footsteps by adopting cryptocurrencies like Bitcoin as legal tender alongside fiat. In a Thursday press conference, Obrador, also known as AMLO, said Mexico “must maintain orthodoxy” in…
“# CME Bitcoin futures open interest hits 8-month high, greater than when BTC price was at $65K ” Open interest (OI) for Bitcoin (BTC) Futures trading on the Chicago Mercantile Exchange (CME) inched toward a new record high Thursday as BTC reclaimed its five-month high of $58,550 on BitStamp. The total number of outstanding derivatives…