SEC files motion for appeal on Ripple's case, Bitcoin and Ether prices plunge and Europe welcomes first spot Bitcoin ETF.
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“We do transactions every day, we work for money, we save money, but no one teaches us about it. If you want to make a change, people and families need to learn about money.”“The Canadian regulators have been collaborative, helpful. […] There’s a clear regulatory pathway. It’s allowed us to invest in the country.”“[X’s Community Notes is] the closest thing to an instantiation of ‘crypto values’ that we have seen in the mainstream world.
Data from Cointelegraph Markets Pro and TradingView showed BTC price action tracking sideways after a single daily candle spawned 8% losses. The largest cryptocurrency saw aacross derivatives markets, with these accounting for an “outsized” majority amid relatively slack spot selling. For popular pseudonymous trader and analyst Rekt Capital, the picture was bleak — a double-top formation for BTC/USD in 2023, and a complete lack of support from trend lines and moving averages during the breakdown.
“BTC formed its Higher High at ~$31000 on inclining volume. But price formed the second half of its Double Top on declining volume,” he wrote, warning that capitulation had likely not yet matched previous sell-offs. “In fact, current Seller Volume would need to probably double to reach those Seller Exhaustion volume levels that prompted price reversals in early & late March as well as mid-June.
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