Bearish on-chain trend seen at Bitcoin’s 2019 peak of $14,000 returnsBTC $19,371 (+1.2%) • ETH $599 (+0.7%) • XRP $0.62 (+5.7%)
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After falling as low as $16,000 last week and retesting $19,900 yet again, Bitcoin has begun to consolidate in the range around $19,000. Intraday volatility has dropped massively as investors are divided over what comes next for the leading crypto asset. Altcoins have been enjoying this consolidation, with certain names in the decentralized finance space rallying by dozens of percent in the past few days alone. But it may be time for Bitcoin to break out, especially as the weekend comes to an end and institutional players return to trading this market. According to an on-chain analyst, Bitcoin is forming the same bearish signs that it saw near the 2019 highs at $14,000. There are also some that fear the coin will face a correction at the end of the year as there are bearish news events coming to the fore regarding the regulation of this space. Many expect these regulations to deter prospective investors, which may result in muted Bitcoin growth. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬bitFlyer Chief Compliance Officer on the current state of crypto regulation in the United StatesCryptoSlate recently had the opportunity to chat with David Zacks, the Chief Compliance Officer of bitFlyer USA on the current state of crypto regulation in the United States. CEO of $10 billion fund expects Ethereum to gain Wall Street traction this yearCrypto adoption on Wall Street is booming. This privacy-focused Ethereum token is up 400% in a week after Coinbase listed itIt appears that the “Coinbase Effect” is back. Ex-Goldman Sachs executive with 98% of his net worth in crypto warns of strong Bitcoin correctionRaoul Pal, CEO of Real Vision, has become one of Bitcoin’s loudest supporters over recent months. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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