# Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

# Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions

” Bitcoin derivatives data shows no ‘bottom’ in sight as traders avoid leveraged long positions “ Bitcoin (BTC) lost the $28,000 support on June 12 following worsening macroeconomic conditions. The United States Treasury 2-year note yield closed on June 10 at 3.10%, its highest level since December 2007. This shows that traders are demanding higher…

Read More
# Michael Saylor welcomes FASB vote to review crypto accounting standards

# Michael Saylor welcomes FASB vote to review crypto accounting standards

” Michael Saylor welcomes FASB vote to review crypto accounting standards “ Bitcoin proponent and MicroStrategy CEO Michael Saylor has welcomed the U.S. Financial Accounting Standards Board (FASB) vote to review accounting rules for digital assets and commodities. As it stands under current FASB guidelines — which is the source of authoritative Generally Accepted Accounting…

Read More