Good morning, Asia. Here's what's making news: 1. Bitcoin regains its mojo to soar above $28.3K; ether rises. 2. Addresses with at least 1,000 BTC have fallen suggesting institutional investors are not acquiring more. GWilliamsJr_CMT, JPRubin23 write
So much for fears about federal monetary policy, increased regulatory activity and banking unrest.
"The crypto ecosystem is under attack. You're seeing all of those regulation by enforcement attempts, but also the banking crisis that has spread to banks serve the crypto community," Benoit Bosc, global head of product at crypto trading firm GSR Markets, told CoinDesk TV."As a result, you have this flight to quality to the majors. Bitcoin has benefited the most, and it's rallied significantly ever since those events have started.
He added:"Bitcoin has a limited supply, and so that's a better alternative. You also have issues with stable coins. So bitcoin suddenly seems more stable and safe than those at the moment."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
First Mover Asia: Traders Focused on Liquidity & FOMC as Asia Opens Its Business DayGood morning Asia, here's what's making news today: 1. Bitcoin remains stagnant at $28K. 2. Crypto liquidity is a complex question, writes NoelleInMadrid. thesamreynods reports
Read more »
Crypto Exchange Bitzlato Restores User Access to Half of Bitcoin Balances, Report – Exchanges Bitcoin NewsBitzlato users can now partially withdraw their bitcoin funds from the dismantled cryptocurrency exchange.
Read more »
Bitcoin Supercycle May Be Happening, Says Commodity Strategist Mike McGlone – Markets and Prices Bitcoin NewsCommodity strategist Mike McGlone says bitcoin beating gold by almost 10x 'may be indicative of a supercycle happening in the crypto.'
Read more »
Texas Lawmaker Launches Resolution to Protect Bitcoin Investors, Support BTC Economy – Regulation Bitcoin NewsA legislative proposal has been introduced to protect bitcoin investors and support the $BTC economy in Texas. crypto cryptocurrency
Read more »
Former Korean prime minister visits Houston for Asia Society Texas event on peace in East AsiaFormer Korean prime minister will be in Houston tonight to speak about building peace in East Asia.
Read more »
Operation Chokepoint: Bitcoin Advocates Discuss US Government’s Alleged Mission to Eliminate Crypto Access – Bitcoin News“The Fed is closing the exits,” Srinivasan opined, referring to Kraken’s recent decision to pause ACH transfers. OperationChokepoint Bitcoin Crypto
Read more »