After breaking out of the two-months ascending triangle, the price of Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels.Furthermore, the current price is not even close to a short-term price top when comparing to historic network valuation multiples.BTC price bull run not … [Read more...] about Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000
Bitcoin
When will Bitcoin price rally end? Here is what’s backing the BTC bull run
Speculation about the duration of the current run is endless, with Bitcoin now a stable news item even in the mainstream press. But what’s keeping the BTC price up? Is it simply the relentless slew of good news, or are there on-chain indicators that can predict future price moves? Since retesting the $50,000 barrier in early March, the price of Bitcoin (BTC) has held pretty … [Read more...] about When will Bitcoin price rally end? Here is what’s backing the BTC bull run
The crypto FBAR: Implications beyond
The United States Department of Treasury is again sharpening its sword upon crypto. In January 2021, the Department of Treasury’s Financial Crimes Enforcement Network issued Notice 2020-2. The Notice states that FinCEN intends to amend its regulations concerning the reporting of foreign financial accounts to include digital currency as a type of reportable account. In simple … [Read more...] about The crypto FBAR: Implications beyond
Bitcoin Whales Sold 50k BTC Worth $3B in the Last 5 Days
Bitcoin whales have sold roughly 50k BTC in the last 5 daysThis amount translates to roughly $3 billionThe Bitcoin whales include those holding 100 – 10,000 BTCBitcoin has entered what looks like a brief bearish window with $60k continuing to holdA breakdown of $60k could lead to accelerated of selling, and lower levels of supportBitcoin whales holding 100 to 10,000 BTC have … [Read more...] about Bitcoin Whales Sold 50k BTC Worth $3B in the Last 5 Days
Former SEC Director who led Ripple action lands new role at Ethereum law firm
According to news outlet Bloomberg, Marc Berger, who stepped down from his role at the US Securities and Exchange Commission (SEC) in January, will join New York-based Simpson Thacher in June. Berger was instrumental in bringing legal action against Ripple on allegations of selling an unregistered security in the XRP token.A key point throughout the hearing process has been the … [Read more...] about Former SEC Director who led Ripple action lands new role at Ethereum law firm