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Bitcoin was unable to hold $40,000 after making its ATH of just below $42,000. For the past several days it has been struggling in the $35,000. Now analysts at JPMorgan warn that potential big corrections might be on the way if Bitcoin fails to reclaim $40,000.
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The drama surrounding Craig Wright and his claim over the Bitcoin whitepaper isn’t new to crypto proponents. However, this time, he has decided to up the ante by enforcing ownership.
Since its release in 2008, ownership has proved difficult to verify.
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In brief
In 2021, banks now own crypto, and crypto has its own banks.
Switzerland and Gibraltar have launched crypto banks, and last week the US issued Anchorage with the first federal charter.
Traditional banks are also moving into cryptocurrencies and a new, hybrid landscape is emerging.
Key Takeaways
Bitcoin recorded a double-spend instance for a small amount which sparked rumors of Bitcoin’s death.
Investigation reveals that the occurrence was rare and even normal for blockchains.
Experts shunned the FUD calling the end of the Bitcoin blockchain.
Key Takeaways
Bitcoin sliced through a critical support barrier after a two-week-long consolidation phase.
If sell orders continue to pile up, BTC’s market value could drop by nearly 28%.
Only a 4-hour candlestick close above $36,000 would invalidate the bearish outlook.
Once Cardano’s Goguen era is launched, users will be able to earn additional yield on their ADA without having to unstake their funds.
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New York’s financial regulator is asking for new tools to gather real-time financial data.
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The Litecoin (LTC) price has been decreasing since it reached a high of $185 on Jan. 10.
The short and long-term time-frames suggest that LTC is still correcting, having not yet reached a low.
Litecoin Drops After Rejection
LTC has been moving downward since Jan.
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From refusing to bank crypto trading desks to closing accounts held by platforms, the mainstream financial sector appears to be putting up roadblocks to seamless cryptocurrency commerce.
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