Thursday, June 1, 2023
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Bitcoin on-chain and options data hint at a decisive move in BTC price

Bitcoin’s (BTC) volatility has dropped toward historically low levels thanks to macroeconomic uncertainty and low market liquidity. However, on-chain and options market data alludes to incoming volatility in June.The Bitcoin Volatility Index which measures the daily fluctuations in Bitcoin’s price shows that the 30-day volatility in Bitcoin’s price was 1.52%,

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US-based Crypto Companies Threaten to Move Businesses Abroad due to Unfavorable SEC Regulation

A growing number of US-based crypto companies are considering leaving the country due to increasingly harsh SEC crackdowns. Following a harsh crackdown by the Securities and Exchange Commission (SEC) in the US, several crypto companies threatened to leave the country. On Sunday, reports stated that these US-based crypto players are testing their lobbying

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Elon Musk Shares ‘Massive Incentive to Move Money out of Bank Accounts’ – Economics Bitcoin News

Tesla and Twitter CEO Elon Musk has shared a “massive incentive” to move money out of bank accounts, citing a significant interest rate gap created by the U.S. Treasury and the Federal Reserve. “As more people & companies realize this, bank depositor flight will accelerate to extreme levels, even for

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Russia to Increase Reliance on National Currencies in Energy Trade, Vows to Move Away From the US Dollar – Economics Bitcoin News

Russia will increase its reliance on national currencies to settle payments for its energy resources, moving away from the US dollar, according to Russian Deputy Prime Minister Alexander Novak. Novak noted there is a great interest in acquiring Russian energy resources, leading Russia to accept more currencies for these settlements. Russia

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