Bitcoin is currently at a place which will decide the fate of the long-term BTC price trend, says Material Indicators.
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Bitcoin is currently at a place which will decide the fate of the long-term BTC price trend, says Material Indicators.
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Market observers pointed out that CFTC goes after the bigger fish, and its regulatory action often proves fatal for the crypto companies.
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BTC price action repeatedly tests the mettle of $27,000 support, while Bitcoin analysis differs over what comes next.
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In twelve hours preceding the indictment, almost $1.5 billion of crypto left several centralized platforms, according to Thanefield Capital.
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Binance’s Bitcoin balance was reduced by over 3,900 BTC in the past week, of which 3,400 BTC were pulled out in the last 24 hours alone.
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Within the 74-page complaint, the CFTC has labeled Ether, Binance USD, Tether and Litecoin as commodities along with Bitcoin, and made a few other startling claims.
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The cryptocurrency exchange and its founder, Changpeng Zhao, have allegedly violated trading and derivatives rules.
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