Popular crypto veteran Arthur Hayes says it’s possible for Bitcoin to cross the $1 million threshold. Hayes believes that the Federal Reserve’s new Bank Term Funding Program will pump BTC massively. The $1 million projection became popular after former Coinbase executive Balaji Srinivasan made a public bet on the same.
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Bitcoin's swift move above a resistance dating back to August 2022 has strengthened the case for a continued rally.
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“Regulators who tend to fight the last war are certainly on guard right now – looking at banks, including Cross River, to make sure that they are sufficiently capitalized,” Jay Ritter, Cordell professor of finance at the University of Florida, told CryptoX in an interview.
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Circle Financial, the issuer of the stablecoin USDC, is partnering with Cross River Bank after its former settlement partner, Signature Bank, was closed by New York regulators, according to a statement from CEO Jeremy Allaire. “The 1:1 redeemability of all USDC in circulation is of paramount importance to Circle,” Allaire BankBanksBitcoinCircleCrosscryptoexchangeCryptoFriendlyDepositsExchangesHandfulNewsOKCoinPartnersRemainriverSuspendsUSD Read More
Circle has revealed that Cross River Bank — recognized for its services to fintech and crypto firms like Visa and Coinbase — is now its new commercial banking partner for producing and redeeming USD Coin (USDC).In addition, Circle has “expanded relationships” with other banking partners to assist with USDC redemption, BankingBNYCircleCrossExpandsMellonPartnerriverTapsTies Read More
The death cross formed on the weekly timeframe makes for a cautious view of the near-term outlook, one observer said, while another called it a non-event.
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Bitcoin was hovering close to $25,000 on Feb. 20, as cryptocurrency markets traded close to recent highs. Markets started the week partially in the green, ahead of a key week of economic data. The United States FOMC (Federal Open Market Committee) will release its latest minutes on Wednesday, followed by AverageBitcoinCrossDeathHitsMarketmovingNewsUpdates Read More
Ethereum's native token, Ether (ETH), has printed a death cross technical pattern versus Bitcoin (BTC) for the first time since May 2022, suggesting more pain ahead for ETH/BTC in the coming weeks.Previous ETH price death cross preceded 27.5% dropA death cross appears when an asset's short-term 50-period moving average moves BitcoinCrosscryptoexchangeDeathEthereumExchangesLosingpeakPricePrints Read More
Bitcoin (BTC) starts a new week just under $22,000 as bulls fail to reclaim lost ground in February.After modest volatility toward the weekly close, BTC/USD is still near three-week lows as a new status quo enters with $22,000 as resistance.However, the largest cryptocurrency stands at the beginning of an important BitcoinCrosscryptoexchangeDeathExchangesWeekWeekly Read More
Bitcoin (BTC) lingered near $23,000 on Feb. 7 as a key chart phenomenon hit for the first time in 18 months.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBattle of the Bitcoin crosses beginsData from Cointelegraph Markets Pro and TradingView showed BTC/USD tracking sideways overnight, having shunned volatility at the week’s first AllTimeBitcoinCrosscryptoexchangeExchangesGoldenHighHitMonthsSees Read More