Bitcoin's Surge and Binance's Legal Woes Shake Crypto Market Confidence.
TL;DR
Bitcoin (BTC) reached new nine-month highs, spiking to $29,170 on Bitstamp, but market participants dismissed it as a "deviation" at range highs and called it a "fakeout." Traders remained cautious, with shorts currently having the upper hand, and Bitcoin and crypto analyst Lukasz Wydra noting that current trading volumes were at their lowest for 2023, similar to what was observed in June 2022 before the drop from $30,000. Despite the FUD, some traders remain optimistic and hope that the short-term range high could still be flipped to new support.
- Bitcoin spikes above $29K as 'fakeout' fuels BTC price strength doubts Cointelegraph
- Crypto Giant Binance Offered Perks to 'Flash Boys,' Regulator's Lawsuit Says The Wall Street Journal
- TMS Network (TMSN) Racing Towards Blockbuster ICO, Binance (BNB) Sued by U.S.’s CFTC & Ripple (XRP) in Battle With the SEC NewsBTC
- Op-ed: Binance’s reputation at risk as CFTC allegations raise concerns CryptoSlate
- How Could CFTC Complaint Against Binance Impact U.S. Users? CoinDesk
Want the full story? Read the original reporting
Read on Cointelegraph