BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking "action packed" for crypto volatility.
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Bitcoin, Ethereum to shake off 'toothless adversary' SEC as FOMC looms
BTC and ETH price action will continue to be affected by macro events, QCP Capital says, with next week looking "action packed" for crypto volatility.
Bitcoin, Ethereum to shake off ‘toothless adversary’ SEC as FOMC looms
Bitcoin (BTC) and Ether (ETH) are due volatility — but not thanks to “toothless” United States regulators, new analysis says.
In its latest market update on June 9, trading firm QCP Capital told market participants to gear up for macro-fueled price action for BTC and ETH.
Related: Why is Bitcoin price stuck?
QCP Capital: U.S. crypto “mudslinging” to continue
The dust is continuing to settle on this week’s main macro stories — lawsuits against exchanges Binance and Coinbase from the U.S. Securities and Exchange Commission.
More upheaval will come in the future, QCP believes, as the macro environment from next week onward becomes much more unpredictable.
Crypto.com suspends US institutional exchange service
The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions.
Crypto.com suspends US institutional exchange service
The global cryptocurrency exchange cites limited demand for institutional-grade services under current market conditions.
Binance VP of Marketing: crypto needs to 'double down' on community support
Rachel Conlan, the new VP of Marketing at Binance, says that “critical” times in the industry call for major companies to emphasize community, clarity and simplicity.
US House committee releases new stablecoin bill draft
The draft bill is set to go before the House committee for discussion on June 13 and, if approved, could become the first example of crypto legislation in the United States.
Nifty News: Kraken NFT exits beta, Coinbase 'Stand with Crypto' gains support, and more
A Bitcoin inscription service aims to compete with Ordinals by offering smart contracts and larger file sizes.
EU starts countdown to crypto legislation, adds MiCA to official journal
MiCA, which comes into effect by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states.
EU starts countdown to crypto legislation, adds MiCA to official journal
MiCA, which comes into effect by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states.
EU starts countdown to crypto legislation, adds MiCA to official journal
MiCA, which comes fully into force by the end of 2024, aims to create a consistent regulatory framework for crypto assets among European Union member states.
US senators propose AI bills for transparency and innovation
The bipartisan bills target government transparency when using AI and the formation of a new Office of Global Competition Analysis to stay on top of innovation.
Bitcoin price can gain 60% if 'textbook' chart pattern confirms — Trader
Bitcoin is attempting to cement an inverse head and shoulders pattern, success in which could spark a "sprint" to $40,000.
Bitcoin price can gain 60% if ‘textbook’ chart pattern confirms — Trader
Bitcoin (BTC) may be in line for a 60% upside if a long-term chart feature stays intact.
In part of his latest analysis on June 8, popular trader Mikybull Crypto flagged encouraging signs on the BTC/USD weekly chart.
Weekly Bitcoin price chart keeps $40,000 on the table
With Bitcoin still wedged in a narrow trading range it entered almost three months ago, market participants have little to go on when it comes to short-term price targets.
Day-to-day performance has offered no decisive trend up or down, and $30,000 remains formidable resistance overhead.
“The market is still in the same position it has been the past few days. Don't get chopped up, place some bids at the extremes and wait,” trader Jelle suggested in advice now typical of the current market perspective.
Tether’s game plan in El Salvador: Why invest in Volcano Energy?
Stablecoin issuer Tether is making a strategic investment in energy production and Bitcoin mining to support El Salvador’s adoption of BTC.
Cathie Wood’s ARK loads up crypto bags, buys $19.9M Block shares
Just days after buying $21 million of Coinbase shares, ARK Invest CEO Cathie Wood has added another $19.9 million in Block Inc. shares across its ETFs.
Paradigm slams SEC’s ‘incoherent’ attempt to police decentralized exchanges
DEXes are not securities exchanges argues crypto venture firm Paradigm.
Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers
The judges presiding over Coinbase and Binance’s lawsuits will likely watch the results of the SEC v Ripple case closely, crypto lawyers told Cointelegraph.
Ripple has been in a legal battle with the SEC since December 2020. The regulator alleges it was offering unregistered securities via XRP (XRP) since 2013.
On June 6 the SEC filed a lawsuit against Coinbase also alleging that it has been offering unregistered securities. A day before it filed a lawsuit against Binance containing some similar allegations.
Lawyer James Murphy, known as “MetaLawMan” on Twitter, explained in a series of tweets on June 9 that a favorable outcome for Ripple could “undermine the entire basis for the SEC’s case” against both, Coinbase, and Binance.
However, he also warned that “before anyone gets too excited,” a ruling by Judge Torres in the Ripple case would not be “binding precedent” for these recent filings.
Ripple case more crucial than ever amid Coinbase, Binance SEC crackdown: Lawyers
Whether XRP is ruled as a security or not in the Ripple case will certainly have an influence on the two latest crypto exchange lawsuits, crypto lawyers told Cointelegraph.
Moody's downgrades Coinbase citing 'uncertain magnitude' of SEC charges
Meanwhile, financial services firm Berenberg Capital told Cointelegraph that it viewed Coinbase shares as "uninvestable" in the near term.