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Bitcoin rebound to $18.4K? BTC price derivatives show strength at key support zone

Bitcoin (BTC) price lost 11.3% between Dec. 14 and Dec. 18 after briefly testing the $18,300 resistance.

The move followed a seven-day correction of 8% in the S&P 500 futures after United States Federal Reserve Chair Jerome Powell issued hawkish statements after raising the interest rate on Dec. 14.

Bitcoin price retreats to channel support

Macroeconomic trends have been the main driver of recent movements. For instance, the latest bounce from the five-week-long ascending channel support at $16,400 has been attributed to the Central Bank of Japan’s efforts to contain inflation.

Bitcoin 12-hour price index, USD. Source: TradingView

The Bank of Japan increased the limit on government bond yields on Dec. 20, which are now trading at levels unseen since 2015.

However, not everything has been positive for Bitcoin, as miners have struggled with the hash rate nearing an all-time high and increased energy costs. For example, on Dec. 20, Bitcoin miner Greenidge reached an agreement with its creditor to restructure $74 million worth of debt — although the deal requires the miner to sell nearly 50% of it equipment.


Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022

At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021.

Bitcoin miner Northern Data says it has no financial debt, expects $204M in revenue for 2022

At the midpoint, the guidance represents a growth of 1.1% from its revenue in 2021.

Opposition press links Russian lawmaker to local crypto OTC

Russia’s crypto OTC platform Bankoff has reportedly not only helped officials avoid sanctions but has also generated some gains.

Under the Christmas tree: The best crypto gifts this holiday season

What to put under the Christmas tree for the cryptocurrency enthusiast in the family.

Can blockchain solve the ownership debacle over AI generated art?

As Web3 and emerging technologies such as AI continue to expand creative possibilities, questions over how to protect creative rights and arts arise.

Crypto platform Paxful removes ETH from its marketplace

Paxful CEO Ray Youssef highlights Ethereum’s move to proof-of-stake, perceived centralization and token minting ability as reasons for the move.

French regulator AMF blacklists only two crypto websites in the whole year

The AMF and ACPR have blacklisted only two crypto-related websites amid the bear market of 2022 versus 24 such websites last year.

French regulator AMF blacklists only two crypto websites in the whole year

The AMF and ACPR have blacklisted only two crypto-related websites amid the bear market of 2022 versus 24 such websites last year.

Bitcoin price fails to retake $17K with market ‘not prepared’ for dip

Bitcoin remains stable, but that will not last long, BTC price analysis agrees.

Bitcoin price fails to retake $17K with market ‘not prepared’ for dip

Bitcoin (BTC) divided traders yet again on Dec. 21 as sideways BTC price action split opinion on the future.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

$17,500 becomes popular BTC price target

Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it acted within a tight range just below $17,000.

A single brief spike above the $17,000 mark failed to last, the pair returning to familiar territory from the past week.

For popular traders, there was a lack of consensus, with some calling for an eventual breakout to the upside and others demanding a rapid fall toward $10,000.

“I’d want it to hold $16.7K in order to see continuation on Bitcoin,” Michaël van de Poppe, founder and CEO of trading firm Eight, told Twitter followers on Dec. 20:

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U.K. includes crypto investments under the Investment Manager Exemption

The measure should help British funds dealing with foreign investors adopt digital assets in their portfolios.

Alaska adds 'virtual currency' to its regulatory regime

Starting in 2023, the companies will have to obtain a new type of license to operate with crypto in the state.

Crypto on-chain crime drama sees the good guys finally win

The security firm managed to avert a crypto robbery by simply paying a higher gas fee than the exploiter.

Superhero cans merger with Swyftx citing regulatory scrutiny

Superhero assured its users that their funds are safe and that neither their personal data nor assets were provided to Swyftx.

Bitcoin miner Core Scientific reportedly files for Chapter 11 bankruptcy

Core Scientific reportedly filed for Chapter 11 bankruptcy protection in Texas owing to falling revenue and BTC prices.

How to avoid getting hooked by crypto ‘ice phishing’ scammers — CertiK

Ice phishing is a type of scam that exists only in Web3 and is a “considerable threat” to the crypto community, said the firm.

How to avoid getting hooked by crypto ‘ice phishing’ scammers — CertiK

Ice phishing is a type of scam that exists only in Web3 and is a “considerable threat” to the crypto community, said the firm.

What blockchain analysis can and can't do to find FTX's missing funds: Blockchain.com CEO

Peter Smith said the hardest thing to trace was the funds that enter the banking system.

Who has returned donations or contributions from FTX amid the firm’s reputational risks?

Politicians and news organizations have reportedly planned to return roughly $6.6 million in donations from FTX — a mere fraction of the crypto exchange's estimated contributions.

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