Biggest Wave of Crypto IPOs Coming if Crypto Prices Continue Up (Analyst) – AabeyLLC Crypto
Three federal agencies of the United States government outlined the risks facing banks if they decide to custody crypto on behalf of their clients, according to a document published jointly by the agencies on Monday. While the announcement said that the document “does not create any new supervisory expectations,” it could provide a framework for…
XRP has gained nearly 6% in the past week, trimming some of last month’s weakness. It’s still down in the three-month band, but the token remains up over 400% year-on-year — showing that the larger uptrend hasn’t been broken. Now, a small 7% move could be all it takes to unlock the next rally zone….
Bitcoin is now at a crucial and uncertain phase, consolidating below the $100K mark and above the $95K demand level, as sentiment across the market remains divided. The short-term price action shows no clear direction, leaving investors uncertain about Bitcoin’s trajectory. Speculation has grown that the bull cycle may have come to an end, fueling…
A select group of Russian companies, including electronics producers and financial institutions, has received approval to use cryptocurrencies for Chinese imports under a pilot legal framework. Overseen by Russia’s central bank and the Ministry of Finance, this initiative targets firms handling dual-use products and facing challenges with international payments, particularly with China. Russian Firms Explore…
Bitcoin fell to $94,000 on Friday, driving concerns of further liquidation and heading towards a yearly low of $76,000. BTC faces growing downside pressure after dropping under its 365-day moving average, a level that has defined the current bull cycle’s support. The breakdown has revived concerns of a larger correction, especially as key on-chain cost-basis…
Bitcoin has taken a significant hit recently, falling 14% in a single day and 25% over the past week. And this bear market could extend for several months before it fully bottoms, according to Bitwise’s Matt Hougan. Summary Bitcoin’s recent drop is driven by factors like investors preemptively adjusting to the four-year cycle, competition from…