Cointelegraph Consulting: New stimulus checks may push Bitcoin price toward $12K

Will USA’s second round of proposed stimulus checks impact the global crypto market? The latest research by Cointelegraph Consulting suggests that financial stimulus packages bolster the stock market and cryptocurrencies. The first round of checks worth $1,200 were deposited directly into bank accounts on April 11. A week later, the CEO of Coinbase, Brian Armstrong, […]

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Crypto traders cautious on Bitcoin price as rally to $11.7K goes sour

Traders are becoming cautious about Bitcoin price after repeated rejections at the $11,500 level following the recent rally. After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. […]

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UK FCA crypto derivatives ban ignored 97% of consultation respondents

The U.K.’s Financial Conduct Authority is accused of ignoring its own consultation and cherry-picking data. Last week’s blanket banning of cryptocurrency derivatives by the United Kingdom’s Financial Conduct Authority ignored 97% of respondents to its consultation, according to the FCA’s own policy statement. The 527 respondents included exchanges and companies involved in crypto assets and […]

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Public companies hold almost $7B in Bitcoin in heads-up to Grayscale

Grayscale’s $5.1 billion in Bitcoin under management is fast being challenged by firms including CoinShares and MicroStrategy. Bitcoin (BTC) holdings at public companies topped $6.8 billion this year as newcomers catch up with industry heavyweight Grayscale. According to monitoring resource Coin98 Analytics, a total of 13 public companies have now invested in Bitcoin. Putting Grayscale’s […]

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