Crypto market’s ‘perfect storm’ can lead to further massive capitulation

Bitcoin (BTC) spiked to two-week highs on March 20 amid rumors that the US government was preparing a “major update” to its crypto policy. BTC/USD 4-hour chart. Source: Cointelegraph/TradingView Fed’s Powell injects relief into stocks, crypto Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching nearly $87,500 on Bitstamp. Currently consolidating near $86,000, Bitcoin

The general mood across the cryptocurrency market is one of anticipation on Sept. 17 as the price of Bitcoin has traded in an increasingly tighter range over the past couple of days and looks to be coiling in preparation for a move one way or another. Data from Cointelegraph Markets Pro and TradingView shows that the…

Yat Siu thinks it’s only a matter of time until more advanced models of NFT gaming are created, designed around the ideas of digital ownership, interoperability and economic utility. 447 Total views 21 Total shares Animoca Brands co-founder Yat Siu believes nonfungible token (NFT) games are only scratching the surface of what’s possible and predicts…

The government has reneged on its agreement to stop investigating his partner, claims former FTX executive Ryan Salame.   

The head of the financial regulator of the United Arab Emirates (UAE) capital Abu Dhabi wants “proper” international regulation of cryptocurrency, local news outlet The National reports Wednesday, September 19.Speaking during an interview at this week’s Fintech Abu Dhabi event, Richard Teng, head of the Financial Services Regulatory Authority of the Abu Dhabi Global Market…

Nonfungible token platforms incorporating Web3 and the metaverse continue to attract sizable investments from venture capital firms. 502 Total views 7 Total shares Nonfungible token (NFT) startup Genies has secured $150 million in Series C funding at a valuation of $1 billion, making it the latest crypto-focused platform to attain “unicorn” status. The funding round was…

In its new technical analysis, market research company Fundstrat Global Advisors says that cryptocurrencies are poised to make further gains, Bloomberg reported on June 13.Per the analysis, most digital currencies are trending upwards as relative-strength-index momentum has begun to turn upward from neutral. The tendency purportedly indicates strength in the markets.Rob Sluymer, a technical strategist…

Mayor Francis Suarez is learning about Bitcoin from the Winklevoss twins and Anthony Pompliano. 1481 Total views 16 Total shares Miami mayor Francis Suarez is the latest high-profile figure to tout Bitcoin (BTC), offering more evidence that mainstream adoption is growing.  In a Thursday tweet, Suarez called Bitcoin a “stable investment” during an “incredibly unstable year,”…