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” Softer-than-expected crypto regulation and stocks’ rebound position Bitcoin for a $42K close “ Bitcoin (BTC) bulls jumped in to defend the $40,000 level after a devastating retest of the $38,000 support on March 7. The confidence and momentum that was building up earlier in the month was suddenly shattered after BTC failed to break…
” Janet Yellen let slip details of Biden’s executive order on crypto “ A statement from U.S. Treasury Secretary Janet Yellen on President Joe Biden’s executive order regarding digital assets calls for efforts to support innovation while addressing risk in the industry. Yellen’s statement was released a day early apparently by error and quickly deleted,…
“# Ethereum options data shows pro traders expect strong resistance at $3,600 ” Ether (ETH) price has bounced 13% from its Jan. 9 low at $2,950, but it seems premature to call the move a cycle bottom. Instead, the larger bearish movement has prevailed and although it looks primarily correlated to Bitcoin (BTC) price, regulatory…
“# Friday’s $540M Ethereum options expiry favors traders with targets at $5K ” Ether (ETH) bulls are probably very pleased with the 368% gains accrued so far in 2021 and it seems like not a day passes where the altcoin doesn’t hit a new all-time high. Even with Ether on the path to $5,000, there…
“#Scandals from top to bottom in Joe Biden’s cabinet of horror” Halloween came early this year, courtesy of the Biden Administration. While the president is primarily to blame for the choices in Afghanistan, the border and holding an infrastructure bill hostage to the Squad, his team is facing their own crises, many self-created. Here, some…
“#Treasury chief says no debt ceiling raise is a ‘catastrophe’” Treasury Secretary Janet Yellen warned on Sunday that it would be a “catastrophe” if Democrats and Republicans fail to raise the debt ceiling, and painted a dire picture of the consequences such a scenario would have on Americans and the US economy. The Senate voted…
“# Ethereum’s spot setup looks grim, but derivatives data tells a different story ” Ether (ETH) price fell below the $3,000 support on Sept. 20 as global markets entered a risk-aversion mode. The Invesco China Technology ETF (CQQQ) closed down 4.2%, while the SPDR S&P Metals and Mining ETF (XME) lost 3.8%. Some analysts pointed…
“# Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B ” Tether Holdings Ltd, the issuer of the largest stablecoin, Tether (USDT), reported that its total market capitalization had crossed $64 billion for the first time in history. The company called the event a “milestone,” adding that it is another indication…
“# Treasury Secretary reportedly against amending crypto language in infrastructure bill ” On Wednesday of this week, several U.S. senators proposed an amendment to an infrastructure bill which would clarify language concerning crypto. Even though that proposal seemingly has the support of the white house, U.S. Treasury Secretary Janet Yellen has reportedly come out against…
“# Sen. Warren urges Treasury Secretary Yellen to combat rising crypto threats ” Senator Elizabeth Warren, a Democrat from Massachusetts, has called on United States Treasury Secretary Janet Yellen and other regulators to develop a “comprehensive and coordinated” framework for addressing risks in the cryptocurrency market. In a letter addressed to Yellen, the Democratic senator…