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Crypto fintech firm Unbanked, which provides crypto custody and payments services, has become the latest firm to close shop while citing a harsh regulatory environment for crypto in the United States. In a May 26 blog post, Unbanked co-founders Ian Kane and Daniel Gouldman said that when it first opened, it believed
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“Bitcoin continues to display strong resilience in the face of a broader risk-averse mood in financial markets,” Craig Erlam, senior market analyst at the foreign-exchange brokerage Oanda, wrote in an investor update. “Given it is the ultimate risk asset, this is quite surprising and perhaps even encouraging.” Source
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Following the over-the-counter (OTC) firm’s Twitter thread on June 14, Cumberland explained on July 5 that “rangebound price action belies a volatile picture below the surface,” while crypto markets consolidated during the past week. Cumberland stressed there’s a growing number of crypto companies feeling financial burdens, and “uncertainty” tied to
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Bitcoin (BTC) saw its first major test of $40,000 for several weeks overnight, but what price zones are traders watching next?Whether long or short-term, the answer for many is simple: The range is still intact.Bitcoin wobbles after “moment of truth”On the back of macro pressures, BTC/USD saw a moderate sell-off on Feb.
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