The report alleges that Binance tried to insulate itself from regulatory scrutiny — a suggestion that the exchange denies.
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5 altcoins that could be ripe for a short-term rally if Bitcoin price holds $19K
The S&P 500 and the Nasdaq Composite fell to a new year-to-date low last week and closed the week with a loss of 1.55% and 3.11% respectively.
The scenario changed drastically on Oct. 17 after earnings season ramps up and a sharp policy reversal from UK finance minister Jeremy Hunt added detail to the government's plan to fix his predecessor's (Kwasi Kwarteng) fiscal package which triggered a record fall in the value of the GBP and a near liquidation of pension plans in the United Kingdom.
At the time of writing, the Dow is up 1.78%, while the S&P 500 and Nasdaq present 2.57% and 3.26% respective gains. Meanwhile, Bitcoin (BTC) has managed to stay well above its year-to-date low showing short-term outperformance.
Some analysts expect that Bitcoin could be closer to a bottom. Twitter trader Alan said that the stochastic indicator on Bitcoin’s monthly chart has reached levels similar to that seen during the 2014 and 2018 bear markets, indicating a likely macro bottom.
Similarly, LookIntoBitcoin creator Philip Swift said in an interview with Cointelegraph that Bitcoin could be close to major cycle lows. Citing various metrics, Swift said that Bitcoin may face another two to three months of pain but should start its outperformance in 2023.
5 altcoins that could be ripe for a short-term rally if Bitcoin price holds $19K
Bitcoin price continues to trade within a tight range, setting up possible short-term breakout for MATIC, HT, QNT and OKB.
5 altcoins that could be ripe for a short-term rally if Bitcoin price holds $19K
The S&P 500 and the Nasdaq Composite fell to a new year-to-date low last week and closed the week with a loss of 1.55% and 3.11%, respectively.
The scenario changed drastically on Oct. 17 after the earnings, season ramped up and a sharp policy reversal from U.K. Finance Minister Jeremy Hunt added detail to the government's plan to fix his predecessor's (Kwasi Kwarteng's) fiscal package, which had triggered a record fall in the value of the GBP and a near liquidation of pension plans in the United Kingdom.
At the time of writing, the Dow is up 1.78%, while the S&P 500 and Nasdaq present 2.57% and 3.26% respective gains. Meanwhile, Bitcoin (BTC) has managed to stay well above its year-to-date low showing short-term outperformance.
Some analysts expect that Bitcoin could be closer to a bottom. Twitter trader Alan said that the stochastic indicator on Bitcoin’s monthly chart has reached levels similar to those seen during the 2014 and 2018 bear markets, indicating a likely macro bottom.
Similarly, LookIntoBitcoin creator Philip Swift said in an interview with Cointelegraph that Bitcoin could be close to major cycle lows. Citing various metrics, Swift said that Bitcoin may face another two to three months of pain but should start its outperformance in 2023.
Beers for Bitcoin: Here’s the story of Satoshi’s Place pub in the UK
Cointelegraph’s Joseph Hall visited a Bitcoin-themed bar in Greater Manchester and spoke with its founder, Adam.
Bitcoin price edges closer to $20K as 'way worse' US data boosts stocks
A relief bounce on risk assets looks to enter after Empire State Manufacturing Index numbers for October fall far short of expectations.
Bitcoin price edges closer to $20K as 'way worse' US data boosts stocks
Bitcoin (BTC) headed toward $20,000 as United States equities gained at the Oct. 17 Wall Street open.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewStocks climb as U.S. dollar heads lower
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $19,672 on Bitstamp, up 3.5% versus the weekend’s lows.
The pair rose in line with stocks, with the S&P 500 and Nasdaq Composite Index gaining 2.7% and 3.2%, respectively within thirty minutes’ trading.
The action combined with weak U.S. economic data in the form of the Empire State Manufacturing Index, which fell to -9.1 for October, heavily below the forecast -4.3 and September’s -1.5 reading.
“Manufacturing activity declined in New York State, according to the October survey,” the New York Federal Reserve summarized in commentary on the data.
Post-midterm elections dump? Bitcoin will see $12K if this 2018 BTC chart fractal is correct
Bitcoin accumulation during the 2022 bear market looks stronger than in 2018 but macro headwinds could spoil the party this time around.
Post-midterm elections dump? Bitcoin will see $12K if this 2018 BTC chart fractal is correct
While Bitcoin (BTC) investors may not consider the United States midterm elections a significant event, an eerie fractal from 2018 may provide a clue to what could happen before the year ends.
Bitcoin to hit $12K–$14K after midterms?
Comparing Bitcoin’s price actions prior to the midterm elections of 2018 with those of 2022 shows a strikingly similar bear market trend.
For instance, BTC price trended lower in 2018 while holding a horizontal level near $6,000 as support, only to break below it after the midterm elections.
BTC/USD daily price chart featuring 2018 trend. Source: TradingView/Aditya Siddhartha RoyIn 2022, the cryptocurrency has halfway mirrored this trend. Its price now awaits a close below the current horizontal support level of around $19,000. With the midterm elections scheduled for Nov. 8, the said breakdown scenario could occur sooner or later, as illustrated below.
BTC/USD daily price chart featuring 2022 trend. Source: TradingView/Aditya Siddhartha RoyIndependent market analyst Aditya Siddhartha Roy thinks Bitcoin’s price will fall into the $12,000-$14,000 range if a similar breakdown occurs. He further notes that the cryptocurrency could bottom out in November or December 2022, just like in 2018.
‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs
Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.
“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.”
“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”
Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.
The rise of cross-chain bridges
Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).
‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs
Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.
“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.”
“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”
Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.
The rise of cross-chain bridges
Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).
‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs
Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.
“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.”
“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”
Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.
The rise of cross-chain bridges
Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).
‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs
Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.
“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.”
“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”
Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.
The rise of cross-chain bridges
Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).
‘Terra hit us incredibly hard’: Sunny Aggarwal of Osmosis Labs
Sunny Aggarwal has vivid memories of some of the worst days of his life earlier this year. The blockchain co-founder and his Osmosis protocol were hit hard by the Terra–LUNA collapse and are still recovering from its fallout today.
“The Terra crash hit us incredibly hard because we were one of the biggest DEXs for providing liquidity to TerraUSD and Luna Classic,” he explains, “At one point, it made up over 50% of our liquidity.”
“I always tell people that the Terra Luna protocol was created by someone with either an IQ of 50 or 150. And frankly, I can’t tell which one.”
Aggarwal is a co-founder and leads the development of the $225-million Osmosis DEX, which, at one point, eclipsed $2 billion in TVL before the coming of the crypto winter.
The rise of cross-chain bridges
Osmosis is a decentralized exchange (DEX) operating on Cosmos, the creator of the interblockchain communications protocol (IBC).