Bitcoin BTC Bitcoinprice crypto Bitcoin holds support at $19,150 as global markets trade flat
Editor's Note: With so much market volatility, stay on top of daily news! Get caught up in minutes with our speedy summary of today's must-read news and expert opinions. Sign up here! Traditional financial markets experienced a similar story in trading on Wednesday as hotter-than-expected producer price inflation data and minutes from the Federal Reserve’s September meeting only served to deepen concerns that the Fed will continue its aggressive tightening policy.
“Bulls are disappointed that Bitcoin has not been more attractive as a safe-haven asset the past several weeks,” Wyckoff postulated, adding “bears can’t seem to press their case to the downside as prices grind sideways.” One possible scenario of what a pullback could look like was provided by il Capo of Crypto, who noticed a striking similarity between Bitcoin's currency price action and the price action it saw back in 2018, just before the bottom fell out of the market.— il Capo Of Crypto October 12, 2022 Should such a scenario play out, BTC could dip as low as $14,000 before it manages to regain its footing and head higher.
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Google and Coinbase partnership will enable crypto payments for cloud servicesGoogle and Conibase sign a strategic Web3 innovation partnership that includes the ability to pay for cloud services using cryptocurrencies.
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G20 to review crypto framework prepared by OECD- Details insideG20 will review the cryptocurrency-related framework (that was recently submitted) in its upcoming meeting. The move is a part of the larger trend across the globe where countries are moving towards strong regulations in regard to cryptocurrency. Finance Ministers and Central Bank Governors from G20 member states will be reviewing the Crypto-Asset Reporting Framework (CARF) […]
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BNY Mellon unveils its new crypto custody solutionBank of New York Mellon has announced the launch of its new Digital Asset Custody platform that allows cryptos to be stored alongside traditional assets.
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Coinbase secures its crypto license in Singapore, but…The largest cryptocurrency exchange in the United States, Coinbase, announced that Singapore’s central bank had approved it to provide payment services in the city-state. Individuals and institutions can now use services for digital payment tokens thanks to the in-principle approval the central bank granted to crypto firms last year. The firms are also subject to […]
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