Category: BTC Markets

BTC Markets becomes first Australian crypto firm to get a financial services license

BTC Markets becomes first Australian crypto firm to get a financial services license

While the license isn’t currently needed for crypto companies in Australia, BTC Markets says it is preparing the exchange for upcoming regulations. 1652 Total views 45 Total shares Australian-based cryptocurrency exchange BTC Markets has become the first crypto company in the country to gain a financial services license. The license was issued by the country’s […]

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On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

On-chain data shows Bitcoin long-term holders continuing to ‘soak up supply’ around $30K

Bear markets are typically marked by a capitulation event where discouraged investors finally abandon their positions and asset prices either consolidate as inflows to the sector taper off or a bottoming process begins.  According to a recent report from Glassnode, Bitcoin (BTC) hodlers are now “the only ones left,” and they appear to be “doubling […]

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Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’

Bitcoin price could bounce to $35K, but analysts say don’t expect a ‘V-shaped recovery’

Altcoins saw a relief bounce on May 13 as the initial panic sparked by Bitcoin’s sell-off Terra’s UST collapse and multiple stablecoins losing their dollar peg begins to decrease and risk loving traders look to scoop up assets trading at yearly lows. Daily cryptocurrency market performance. Source: Coin360 Despite the significant correction that occurred over […]

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