Monday, March 17, 2025
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First Mover Asia: Bitcoin Continues Drift Below $60K as Investors Eye Shoppers’ Inflation Response, Biden Fed Chair Pick

Good morning. Here’s what’s happening this morning:Market moves: Bitcoin continues to drift below $60,000 as Biden tees up his pick for Federal Reserve chair.Technician’s take: Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.Catch the latest episodes of CoinDesk TV for insightful interviews with

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US regulators eye the cryptocurrency sector

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.Lately, news headlines are focused on regulators’ concerns over the lack of investor

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Institutional crypto products eye record AUM as investors pile into Bitcoin

Institutional investors are continuing to pile into Bitcoin despite prices pushing up to a five-month high.According to CoinShares’ Oct. 12 Digital Asset Fund Flows Weekly report, more than $226 million in capital flowed to institutional Bitcoin (BTC) products this past week. Bitcoin products dominated inflows for the third consecutive week,

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Bitcoin loses $48K as analysts eye next zones for a potential BTC price bounce

Bitcoin (BTC) headed down to test new support on Wednesday after a breakdown of bullish trajectory sparked predictions of $44,000.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewOld resistance provides a backdrop for BTC price rethinkData from Cointelegraph Markets Pro and TradingView showed BTC/USD losing around 2% overnight Wednesday.A rejection after an attempt

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