Bitcoin will need something new and shiny to drive it to fresh highs, as some analysts warn the asset could face a volatile month ahead.
Minister Tony Burke said the government won’t be pushing for an outright ban on crypto ATMs, but wants to provide AUSTRAC with the power to implement one under new draft laws.
The company accepted Bitcoin and SolvBTC from investors in a private share deal, adding crypto assets to its corporate treasury.
James Wynn, famous for his leveraged crypto bets, said he was «back with a vengeance,» but was liquidated just one day after opening new positions.
The real winner of last week’s crypto flash crash is the CME. Cointelegraph explains how the exchange is increasing its crypto market share.
Currency inflation and macroeconomic uncertainty are driving the price of gold, Bitcoin and similar assets to new levels.
Rachael Lucas, an analyst at BTC Markets, said the growing accumulation of Bitcoin suggests “larger players are doubling down.”
Crypto analysts say the weekend’s market volatility is temporary and are predicting an upward trend to emerge in the coming weeks.
Crypto markets rebounded to $4 trillion after the largest liquidation event in history as analysts maintained bullish October forecasts, citing structural factors.
Unlimited leverage and sentiment-driven valuations create cascading liquidations that wipe billions overnight. Crypto’s maturity demands systematic discipline.