Bitcoin (BTC) price could be in for another prolonged period of consolidation if key support levels are not reclaimed, a new analysis reveals. Key takeaways: Bitcoin is stuck between key cost-basis levels, predicting 2022-type consolidation unless key support levels are reclaimed. Spot Bitcoin ETFs recorded a net outflow of $708.7 million, their fifth-largest since launch,…
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Strive, an asset manager co-founded by former US presidential candidate Vivek Ramaswamy in 2022, plans to raise as much as $150 million through an offering of preferred stock, with proceeds earmarked for debt repayment and Bitcoin purchases. Strive said it plans to sell shares of its Variable Rate Series A Perpetual Preferred Stock, trading under…
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Thailand’s Securities and Exchange Commission is preparing new regulations to support crypto exchange-traded funds (ETFs), crypto futures trading, and tokenized investment products. SEC deputy secretary-general, Jomkwan Kongsakul, said the regulator plans to issue formal guidelines supporting the establishment of crypto ETFs in Thailand “early this year,” the Bangkok Post reported on Thursday. “A key advantage…
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Institutional investors aren’t likely to be the ones to push Bitcoin to new highs this year without a market-moving event, according to macro researcher and FFTT founder, Luke Gromen. “If you’re counting on institutional investors to run it from you know 90 to you know 150, if that’s your plan, that’s probably not going to…
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The US Senate Agriculture Committee released a Republican draft of the market structure bill, which includes protections for crypto developers, setting it up for a markup next week. US Senate Agriculture chair John Boozman says the panel’s Republicans are yet to find middle ground with Democrats on several “fundamental policy issues” related to crypto market…
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US stocks and the crypto market showed signs of life on Wednesday after US President Donald Trump stood down on tariffs tied to his efforts to claim Greenland. The S&P 500 closed the trading day up 1.16% on Wednesday, hours after Trump said on Truth Social that he had held a “very productive meeting” with…
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The Senate Banking Committee is backing Donald Trump’s move to bar institutions from buying family homes, which could delay the market structure bill, Bloomberg reports. Crypto market structure legislation could be delayed by several weeks as the Senate Banking Committee is shifting focus to US President Donald Trump’s affordability agenda, according to a report from…
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The US Senate Agriculture Committee, one of two committees in the chamber considering legislation to establish digital asset market structure, is expected to release its text of the bill by the close of business on Wednesday. Chair John Boozman said last week that the committee would release its version of the Digital Asset Markets Clarity…
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White House crypto czar David Sacks said banks and crypto companies will ultimately merge into “one digital asset industry” once Congress passes the long-delayed market structure bill. The comments came during an interview on CNBC’s Squawk Box on Wednesday at the World Economic Forum (WEF) in Davos, Switzerland, where Sacks was asked about the negotiations…
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Key points: Bitcoin is attempting to find support near the $94,500 level, signaling a positive sentiment. Buyers will have to defend the support levels in select major altcoins, else the recovery could fizzle out. Bitcoin (BTC) is attempting to find support near $88,000, but a handful of US and global macroeconomic factors are creating headwinds…
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