The Best Crypto to Buy as the SEC May Allow Tokenized Securities
The Best Crypto to Buy as the SEC May Allow Tokenized Securities
The US Securities and Exchange Commission (SEC) could allow tokenized stocks to be traded on crypto exchanges. While there’s still some time before this kicks, tokenized securities could bring traditional finance and blockchain technology ever closer. As the lines between the two worlds blur, this could benefit certain crypto projects such as Snorter Token ($SNORT) […]
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Bitcoin New: Einflussreiche Senatorin Lummis pusht neues Gesetz fĂĽr Krypto-Steuern
Die US-Senatorin Cynthia Lummis will die steuerliche Behandlung von Bitcoin und Co. modernisieren. Ein Gesetzesentwurf sieht unter anderem Steuerfreiheit für kleinere Transaktionen unter 300 Dollar vor. Die Finanzkommission des Senats arbeitet parteiübergreifend an einem neuen Rahmen für digitale Assets. Kryptowährungen sind längst mehr als ein Nischenphänomen. In den USA rücken sie nun verstärkt in den […]
Cronos Partners With AWS to Advance Institutional Tokenization and RWA Adoption
Cronos has teamed up with Amazon Web Services (AWS), aiming to accelerate institutional adoption of tokenization and real-world assets (RWAs). Amazon Web Services Backs Cronos to Scale Onchain Finance Cronos has announced a new collaboration with Amazon Web Services (AWS) designed to make blockchain data and infrastructure more accessible to developers and financial institutions. The […]
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Bitcoin’s $90,000 Level Holds Key To Preventing A New Bear Market, Top Analyst Says
Bitcoin (BTC) continues to navigate a phase of consolidation, hovering just above $113,000, leaving investors uncertain about the BTC’s next move. This uncertainty has led one analyst, known for accurately predicting BTC’s trajectory during this cycle, to suggest that a new bear market may be closer than many investors anticipate. Bear Market Warning In a recent post on social media platform X (formerly Twitter), the analyst, who goes by the name Doctor Profit, expressed ongoing confidence in his bearish outlook. Since adopting a negative stance in August, he has maintained that Bitcoin is likely to reach the $90,000 to $94,000 range. While he initially expected this target to be hit this month, he noted that the price has spent an average of 77% of the time below his short position entry point of $115,500. This has reinforced his belief in the validity of his analysis. Related Reading: Solana Gaining Ground On Ethereum: These Key Metrics Show Colossal Growth Doctor Profit emphasized that the critical test for BTC involves the $90,000 to $94,000 range. He predicts that not only will this level be tested, but there is a strong possibility that Bitcoin could break below it, effectively signaling the end of the current bull market. While the probability of a bear market is alarmingly high, Doctor Profit insists that confirmation hinges on how Bitcoin reacts within this key price band. He clarified that reaching this target does not need to happen immediately, nor does a temporary bounce back to $116,000 or $117,000 invalidate his bearish thesis. The analyst views any upward price movements, such as the mid-September surge to $117,800, as mere opportunities to enter short positions at more favorable levels, instead of being signals of a new bullish catalyst. 4 Key Indicators For The Bitcoin Price Analytics platform CryptoQuant has identified four critical indicators to watch based on on-chain data. Notably, Tether’s USDT market cap has seen a substantial increase of $10 billion over the past 60 days, signaling fresh liquidity entering the market, which is typically a positive sign during bullish phases. Moreover, the Stablecoin Supply Ratio (SSR) RSI currently sits at 21, which indicates a “buy” signal. This metric assesses the buying power of stablecoins in relation to Bitcoin’s market cap. Related Reading: Ethereum Founder Dumps Billions In These Meme Coins, Is This A Repeat Of Shiba Inu In 2021? Additionally, the number of accumulator addresses, which are wallets that have made multiple purchases of the leading cryptocurrency without selling, has reached an all-time high of 298,000 BTC. Conversely, the Inter-Exchange Flow Pulse (IFP), which tracks Bitcoin flows between spot and derivatives exchanges, is currently trending downward—an indicator commonly associated with bearish market conditions. Featured image from DALL-E, chart from TradingView.com
SEC Halts QMMM Trading After 959% Surge on Crypto Treasury Manipulation Concerns
The U.S. Securities and Exchange Commission has temporarily suspended trading in QMMM Holdings after the stock rocketed 959% in under three weeks on the back of a splashy crypto-treasury pivot. Related Reading: 7 XRP ETFs Draw Close To Their Decision Deadlines With The SEC – Here Are The Dates In its suspension order, the SEC […]