The topic of regulation in the USA is crucial for the future of cryptocurrencies, because decisions made in the United States set global standards for the digital assets industry. That is why we look at such attention to the cryptocurrency week that is just beginning, during which the American Congress will vote over a number of laws affecting the entire market.
How is the course of the most important cryptocurrency behavior? 📈
Bitcoin reached a new record of all time at USD 123,231, but then entered the correction phase, falling by 2-4% to about USD 117,000. This natural reaction after the historical break of the maximum is driven by the implementation of profits by investors and the potential impact of sales of 20,000 BTC by a wallet sleeping for 14 years. Despite the correction, the sentiment remains bullish thanks to record inflows to ETFs of USD 2.7 billion and the ongoing “Crypto Week” in the American Congress.
While Bitcoin corrects, we observe a clear capital rotation on the Altcoin market. Blockchain Chinese projects experience a renaissance – Vechain (Vet) gains about 12%, Conflux (CFX) is growing by 10%, and Qtum (QTUM) records 8%growth. These increases reflect the growing interest in projects with real business applications, especially in the logistics and DEFI sector, as well as rumors about possible loosening of policy towards cryptocurrencies in the Middle Kingdom.
The total capitalization of the cryptocurrency market is currently USD 3.67 trillion (drop by 3.48%), while the trading volume has exploded by 35.45% to USD 258 billion. Bitcoin’s dominance dropped to 63.78%, which signals the transfer of investors’ attention to altcoins. High liquidation of items at the level of USD 413 million indicate increased traders’ activity in this dynamic period.
Bitcoin tests support in the area of USD 114,000-116,000, while the resistance is at USD 125,000-128,000. Breaking any of these levels may decide on the further direction of the market and influence the maintenance of the entire cryptocurrency ecosystem. So far, BTC seems to choose lower support in this upward movement.
Course of the most popular cryptocurrencies – percentage change 👀
What’s interesting today in the world of digital assets? 📰
The topic of regulation in the USA is crucial for the future of cryptocurrencies, because decisions made in the United States set global standards for the digital assets industry. That is why we look at such attention to the cryptocurrency week that is just beginning, during which the American Congress will vote over a number of laws affecting the entire market.
News that heat the bitcoin.pl website ²
Regulatory breakthrough in the United States
The American Chamber of Representatives began the so -called “Krypto Week”, during which voting on key laws regarding the regulation of digital assets is planned. Discussions include Stablecoin regulations and legal framework for cryptocurrency exchanges. This event is important because the US is one of the key markets for cryptocurrencies, and the new regulations can affect the global approach to adoption and trade in cryptocurrencies. Already, American ETFs, headed by IBIT from Blackrock and Fidelity, are driving strong increases on the Bitcoin market, and more on the digital assets market. Even more favorable and regulated law will certainly contribute to the progressive adoption of cryptocurrencies overseas, in particular to Wall Street.
Sale of 20,000 BTC from the sleeping whale portfolio
The portfolio of the Satoshi era, founded in 2011 and having over 80,000 BTC, dormant for 14 years, began selling about 20,000 BTC via OTC transactions (except for the stock exchange) and transfers to centralized stock exchanges (CEX). These types of movements of large players (so -called “whales”) can cause sales pressure on the market, especially in the context of the current high level of Bitcoin prices (about 116,000–123,000 USD in recent days). One -time sales of such huge amounts of BTC can cause a short -term price correction, but OTC solutions are good for investors who do not want to pointlessly push Bitcoin prices. At this moment, BTC does not experience above -ending declines in the face of a recent rally. The situation remains under our alert observation 🤝
Wall Street eyes and more and more targeted at Ethereum
Wall Street increases investments in Ethereum (ETH), which is visible in the growing influx to ETFs based on Ethher. Analysts such as Tom Lee from Fundstrat indicate the growing demand for ETH, driven by the development of Stablecoin and applications of decentralized finances (DEFI). The price of ETH currently oscillates around USD 3091, and forecasts suggest a potential increase to $ 5,000. The current valuation is the best result of Ether from February 2 this year, and the falling domination of Bitcoin drives the Altcoin market, headed by Ether as always.
The Khartered standard enters the Bitcoin and Ethereum institutional trade
The Khartered standard, one of the largest global banks (“too big to fall”), announced the start of the institutional trade in Spot Bitcoin and Ethereum. This is a breakthrough moment, because it is the first global bank offering such services, which can increase the availability of cryptocurrencies for large investors and corporations, and this is a key factor that determines further dynamic increases with such a large BTC market capitalization.
The new bank offer is available in branches in the UK, during Asia and Europe trade hours, and is integrated with the already existing transaction platforms of the company. Institutional customers can now trade cryptococci via known interfaces. The Khartered standard is therefore becoming the first global bank offering the direct trade in cryptocurrencies for institutions. Entering the new market reflects the demand for regulated cryptocurrency services.
Bhutan will break the Bitcoin course? The kingdom is preparing for the sale of BTC!
Arkham, which is a popular service for analyzing online data on the cryptocurrency market, noticed that wallets associated with the Kingdom of Bhutan, which he has (surprisingly) BTC, moved their funds to other addresses as part of blockchain. The bitcoin course has fallen over the last 24h, which is a natural correction after the last strong rally, but analysts finding potential causes indicate, among others, a small Asian state. We decided to look at what amounts we can deal with.
OKX stock exchange with another success! Integration with PayPal is already a fact
The cryptocurrency market is constantly developing, and the exchanges of digital assets actively compete with users’ attention, offering more and more convenient payment solutions. OKX, one of the leading global cryptocurrency trading platforms, has just announced a breakthrough integration with PayPal for users from the European Union. This solution can significantly simplify the process of purchasing cryptocurrencies and recharging accounts, eliminating many technical barriers that have now discouraged novice investors. We discussed this topic in detail in today’s article 🤝
What is Pumpfun, how to create your own memecoin and why could you not take part in his ICO?
Pumpfun is a platform that allows you to create your own memecoin, embedded on the Solan chain. Developers significantly simplify the process of creating a token, enabling every user to play with the creator of a digital assets, without having to have technical knowledge. How did it happen that Pumpfun was such a huge success, in such a short time, and recently he even released your own token … Which for some reasons you could probably not buy in the ICO phase?
