Proposed tightening of Australian crypto regulations could stifle competition: Kraken
Kraken Australia’s Managing Director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down under.
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Kraken Australia’s Managing Director is concerned that a proposed new licensing regime for crypto exchanges could collapse the vibrancy of the industry down under.
BTC price dropped below $56,000 again, leading analysts to discuss various bull and bear scenarios for Bitcoin’s short term price action.
Bitcoin price fell below the $57,000 level today, sparking a widespread sell-off in ETH and altcoins but traders say the current range presents an “attractive entry” for hodlers.
Cryptocurrency markets have dropped significantly in value during the last 24 hours as the entire market capitalization of all 10,000 crypto assets in existence has dropped below the $3 trillion…
Rising U.S. inflation and overblown fears about Evergrande contagion might be factors behind BTC’s recent pullback, but most analysts view the drop as a “necessary retest.”
Analysts say BTC price is set for a near parabolic price move once the “last” resistance at $67,000 is cleared.
BTC, ETH and altcoins saw a slight pullback a day after the Federal Reserve signaled that its monetary policy is subject to cool off soon.
October was a record-breaking month for BTC funds, thanks to the approval of two futures-linked ETFs in the United States.
Analysts say multiple factors point toward ETH rallying to $5,000 and BTC is not expected to encounter significant resistance until $85,000.
The number of "hodled" and presumably lost Bitcoin tokens continues to surge in sync with the BTC price.