Bitcoin bear market 70% dip kills BTC ‘tourists’ as metric screams buy

Bitcoin (BTC) speculators have disappeared from the market and their mood “destroyed,” says popular analyst Philip Swift. In a tweet on Dec. 14, the co-founder of trading suite DecenTrader flagged potential maximum risk returns for BTC at current prices. Swift: “Euphoria destroyed” from Bitcoin bear market BTC/USD is around 70% below its last all-time highs, …

Total crypto market cap makes 4 week high to $874B following CPI release

The total crypto market cap recorded inflows of $27.2 billion in the last 24 hours to post a four-week high of $871.4 billion. This suggests investors’ confidence is returning following the FTX scandal and wider, ongoing macro factors. Total crypto market cap The previous market cap local top of $1,064.4 billion was achieved on Nov. …

US authority alleges that SBF donated to politicians using other people’s name

An indictment filed by the Southern District of New York (SDNY) alleged that the arrested FTX founder Sam Bankman-Fried made political donations in the name of other persons. Sam Bankman-Fried (SBF) was arrested by the Bahamas authority on Dec. 12 and set to face trials in the U.S. for crimes including money laundering and wired …

CFTC considers Bitcoin, Ethereum, Tether to be commodities

CFTC wrote that these digital assets are commodities because they meet the definition of the term as defined by the U.S. Constitution. 2 min read Updated: December 14, 2022 at 9:04 am Cover art/illustration via CryptoSlate The U.S. Commodity Futures Trading Commission (CFTC) stated in its Dec. 13 court filing against FTX founder Sam Bankman-Fried …

Bitso Partners With Felix Pago to Offer Whatsapp-Based Remittance Services Between Mexico and US

Bitso, a Latam-focused cryptocurrency exchange, has partnered with chat-based payments provider Felix Pagos in order to offer Whatsapp-integrated remittances. The objective of this partnership is to put nearly instant chat-based remittances in the hands of Mexican and US users that might be intimidated by crypto tech otherwise. Bitso to Power Felix Pagos Whatsapp-Integrated Remittances Remittances …

How Ukraine Became a Crypto Innovation Hub – Alex Bornyakov, Deputy Minister of Digital Transformation

Alex Bornyakov is the Deputy Minister of Digital Transformation of Ukraine. He recently joined the Bitcoin.com News Podcast to talk about how the country is using cutting edge technologies such as cryptocurrencies, NFTs and web3 in face of the dreadful challenges of war. Among the topics discussed are how the crypto community’s charity is helping …

Crypto Strategist Who Nailed May 2021 Bitcoin Crash Says Worst Could Be Over for BTC Amid Depressed Sentiment

A crypto strategist who correctly called Bitcoin’s (BTC) collapse in May 2021 says one indicator suggests that the king crypto may have already witnessed the worst of the bear market. Pseudonymous analyst Dave the Wave tells his 131,700 Twitter followers that BTC’s monthly histogram continues to respect a support level that has marked the bottom …

Crypto blame game back on US Senators’ menu following SBF arrest

The arrest of the former FTX CEO Sam Bankman-Fried (SBF) by the Bahamian authorities served as a cue for anti-crypto proponents to reignite discussions around the dangers of cryptocurrencies. While some political leaders blame the crypto ecosystem for SBF’s frauds, others find no point in blaming an entire industry for one man’s action. During an FTX hearing in front of …

Bahamian securities regulator slams new FTX CEO over ‘misstatements’

The Securities Commission of Bahamas has slammed the current CEO of bankrupt crypto exchange FTX John J. Ray III for his statements regarding the ongoing investigation into FTX.  In a press release sent to Cointelegraph, the Bahaman regulator didn’t directly point toward the exact statements of the CEO, but addressed recent reports that suggest the …

How to trade crypto using Wyckoff accumulation theory

On Dec. 2, independent market analyst Stockmoney Lizards said Bitcoin (BTC) had entered the process of bottoming out inside its current $15,500-$18,000 price range, citing Wyckoff Accumulation. Wyckoff Accumulation is a classic technical analysis setup, named after Richard Wyckoff, a technical analysis pioneer in the first half of the twentieth century, who broke down the …

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