Attention Bitcoin Bulls, China Stimulus May Have Lost Its Mojo
According to BCA Research, generating large bullish “credit impulses” is now a tough task for China.
According to BCA Research, generating large bullish “credit impulses” is now a tough task for China.
Both bitcoin and ether spot ETFs bleed money as geopolitical tensions weigh over risk assets.
Geopolitical risk and the upcoming U.S. election are likely to reinforce the ‘debasement trade,’ to the benefit of both bitcoin and gold, the report said.
BTC’s implied volatility curve shows a noticeable kink on Oct. 5, signaling expectations for an unusually volatile Saturday.
The U.K. financial services regulator issued the payments provider a s166 notice late last year. The inquiry is now closed.
The IMF has been asking El Salvador for changes regarding its bitcoin law since its adoption in 2021.
Bitcoin held above the $60,000 key support level, while Ethereum’s ETH fell to near its weakest level against BTC since mid-September.
Punk 1563 changed hands for 24,000 ETH, a huge markup versus recent pricing.
While Binance remains a giant in crypto trading, its volumes dropped over 20% in September versus the previous month, while rival Crypto.com’s surged over 40%.
Risks stemming from the Middle East conflict are likely to push bitcoin below $60K before the weekend, the report said.