$BTC sank to below $27,000 following news of the CFTC's lawsuit against binance. Some traders expect a drop to the $25K-22.5K range. LedesmaLyllah reports.
on allegations the company knowingly offered unregistered crypto derivatives products in the U.S. against federal law. The lawsuit, which was filed in the U.S. District Court for the Northern District of Illinois, alleged that Binance operated a derivatives trading operation in the U.S., offering trades for cryptocurrencies including bitcoin, ether, litecoin , tether and binance USD , all of which the suit referred to as commodities.
Bitcoin sank below $27,000 following news of the lawsuit, dropping to its lowest level since March 17. The world’s largest cryptocurrency by market cap is down 5% in the past 24 hours to about $26,700. Binance coin declined by 5%. Matteo Bottacini, a trader at Crypto Finance AG, wrote in a morning note that investors are taking long positions in ether and other altcoins and short positions in bitcoin. “My bias is that upside for BTC looks now limited to the $30Ks while ETH and most of the altcoins are still waiting for the exploit,” he wrote.
"In the near term, we expect a pullback for bitcoin, noting it has an overbought downturn in the daily stochastics," analysts at Fairlead Strategies said in a note on Monday.Trending Posts
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank.firstcitizens agreed to buy Silicon Valley Bank's deposits, and $BTC held its ground over the weekend, up 1% in the last 24 hours. LedesmaLyllah reports.
Weiterlesen »
First Mover Asia: Bitcoin Is Ready for a Consolidation PhaseGood morning, Asia! Here's how the markets are performing on this Monday 1. Bitcoin is testing $28K. Will it get to $30K, or is it ready for a consolidation phase? 2. Derivative DEXs are running out of open interest. thesamreynolds writes
Weiterlesen »
NASCAR live updates: Cup cars get first road course test at Circuit of the AmericasNASCAR fans get their first look at a package of rules changes as the Cup Series visits its first road course of the season at Austin, Texas' Circuit of the Americas. New for 2023, the cars will have less downforce — to encourage more passing — and there won't be any stage cautions, which should lead to interesting strategy calls.
Weiterlesen »
US Government Remains a Top Bitcoin Holder With Seized Stash Valued at $5.6 Billion – Bitcoin NewsUncle Sam's Crypto Stash - As of March 25, 2023, the U.S. government held 205,515 bitcoins worth $5.6 billion using today’s BTC exchange rates.
Weiterlesen »
Microstrategy Buys 6,455 More Bitcoin — Now Holds 138,955 BTC – Featured Bitcoin NewsMicrostrategy has purchased 6,455 more bitcoins for $150 million. The company now holds 138,955 $BTC. crypto cryptocurrency
Weiterlesen »
Greenpeace Unveils 'Skull of Satoshi' to Spark Debate Over Bitcoin's Environmental Impact; Creator Clarifies It 'Wasn't Meant to Be Anti-Bitcoin' – News Bitcoin NewsGreenpeace, the international environmental NGO, unveiled the 'Skull of Satoshi' on March 23 — an 11-foot art installation meant to criticize Bitcoin's effect on the environment.
Weiterlesen »