🔍 🟡🙂 Market Analysis — 13-11-21

The crypto landscape enters Wednesday evening with the industry still digesting Hong Kong's regulatory bombshell: sweeping changes to ease digital asset rules that could redraw the map for global crypto finance. Like a flare shot into the night sky, Hong Kong’s pivot signals a potential race am... ... Read full 🟡🙂 Market Analysis — 13-11-21

UAE’s New Law Sparks ‘Bitcoin Ban’ Fears After Harsh Penalties

UAE’s New Law Sparks ‘Bitcoin Ban’ Fears After Harsh Penalties

The United Arab Emirates (UAE) has introduced one of its most sweeping regulatory overhauls in years, and crypto developers say it amounts to a de facto ban on self-custody.This new shift raises urgent concerns for Dubai’s standing as one of the world’s top crypto hubs.UAE Rewrites the Rules for Cry…

US Regulator Signals Guidance on Stablecoins, Tokenized Deposit Insurance

US Regulator Signals Guidance on Stablecoins, Tokenized Deposit Insurance

The Federal Deposit Insurance Corporation is considering guidance for tokenized deposit insurance. The agency also plans to introduce an application process for stablecoins by the end of this year.Digital assets meet tradfi in London at the fmls25Stablecoins’ market capitalization reached $193 billi…

BTC/USD: Bitcoin Stumbles Further with Prices Languishing Below $96,000

BTC/USD: Bitcoin Stumbles Further with Prices Languishing Below $96,000

OG coin isn’t getting love from traders. In fact, it’s carving out fresh lows last seen in May, taking its record-to-date losses to 24%. 📞 Wave of Selling PressureBitcoin isn’t catching a break (and the weekend’s right up ahead). The world’s largest cryptocurrency extended its slide Friday, drifti…

How bitcoin has historically responded to bear markets

How bitcoin has historically responded to bear markets

By Steve GoldsteinBitcoin is usually, but not always, a buy when it enters abHistorically, bitcoin entering a bear market has been great buying opportunity. But not always.Bitcoin (BTCUSD) was trading under $100,000 on Friday morning, well below its early October peak.MarketWatch looked at data sinc…

Chainalysis says pig-butchering is becoming national security threat

Chainalysis says pig-butchering is becoming national security threat

The multibillion-dollar scam known as “pig-butchering,” once treated as a consumer-fraud issue, has crossed a new threshold and is prompting concerns over national security. In a podcast, Chainalysis head of national security intelligence, Andrew Fierman, and former prosecutor Erin West, founder of …

Bitcoin, Ethereum, and XRP Tumble. What's Driving The Latest Crypto Crash. — Barrons.com

Bitcoin, Ethereum, and XRP Tumble. What's Driving The Latest Crypto Crash. — Barrons.com

By George GloverBitcoin was plummeting even deeper into a bear market on Friday, with cryptocurrencies taking a battering as investors rotated away from risk-on assets.Bitcoin was down 5.6% to $97,204 over the past 24 hours, according to data from CoinDesk. The world's largest token is now trading 3…

Czechia Buys $1 Million In Bitcoin –– But It’s Not Building a Reserve

Czechia Buys $1 Million In Bitcoin –– But It’s Not Building a Reserve

The Czech National Bank (CNB) has entered the digital asset market for the first time on Thursday, allocating $1 million to build a blockchain-based pilot portfolio. This acquisition was conducted separately from the bank’s official international reserves.The CNB emphasized that it has no intention …

21Shares launches crypto index ETFs under SEC’s Act 40

21Shares launches crypto index ETFs under SEC’s Act 40

Asset manager 21Shares has launched two cryptocurrency index exchange-traded funds (ETFs) regulated under the Investment Company Act of 1940, a structure that could boost investor confidence by subjecting the products to the same disclosure and governance rules that apply to traditional US investmen…

Bitcoin Breaks European Union: Czech Republic and Luxembourg Announce BTC Holdings

Bitcoin Breaks European Union: Czech Republic and Luxembourg Announce BTC Holdings

The European countries are fast adopting Bitcoin as a strategic reserve asset. After President Donald Trump led the United States in implementing a strategic Bitcoin reserve, countries in the European region are moving in the same direction as a hedge against inflation and macroeconomic uncertainty…

Bitcoin Price Crashes Below $98,000 as Fear & Greed Index Hits 7-Month Low

Bitcoin Price Crashes Below $98,000 as Fear & Greed Index Hits 7-Month Low

Bitcoin, the world’s largest cryptocurrency, dropped below $98,000, marking a sharp 3.5% decline in the past 24 hours. One of the most concerning things is that the Crypto Fear & Greed Index plunged to 15, its lowest in roughly seven months, signaling “extreme fear” among traders.Many traders now wo…

Brandt: Bitcoin Could Test Saylor 'Severely'

Brandt: Bitcoin Could Test Saylor 'Severely'

Prominent commodity trader Peter Brandt has opined that Bitcoin could end up testing Strategy co-founder Michael Saylor "severely." Brandt has not ruled out that the price of the leading cryptocurrency could potentially plunge to as low as $50,000. That said, he has stressed that this is not a pred…

Bitcoin, Ethereum now operate in ‘different monetary’ universes: Data

Bitcoin, Ethereum now operate in ‘different monetary’ universes: Data

Bitcoin (BTC) and Ether (ETH) continue to diverge, and they currently operate in different monetary universes, according to a new joint report from Glassnode and Keyrock. The study noted that Bitcoin is drifting deeper into a savings-driven, low-velocity profile, while Ether is rapidly evolving into…