Explainer: What Beijing’s new crackdown means for crypto in ChinaSHANGHAI (Reuters) – Chinese regulators have tightened restrictions that ban financial institutions and payment companies from providing services related to cryptocurrencies, marking a fresh crackdown on digital money.

Compared with a previous ban issued in 2017, the new rules…[Read more]

Bitcoin Plunges 31% In SelloffInvesting.com – Bitcoin was trading at $30,442.3 by 09:11 (13:11 GMT) on the Investing.com Index on Wednesday, down 30.79% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Bitcoin’s market cap down to $574.2B, or 41.94% of the total cryptocurrency market cap. At…[Read more]

Nearly a quarter of unique Bitcoin wallets at a loss amid $15K price dump(BTC) is down almost 30% in the last seven days and this dip has triggered an almost commensurate plunge in the percentage of wallets in profit.

Data from crypto data provider Glassnode shows that Bitcoin price drawdown has led to almost a quarter of unique on-chain entities…[Read more]

Ethereum Plunges 34% In Bearish TradeInvesting.com – Ethereum was trading at $2,243.40 by 08:50 (12:50 GMT) on the Investing.com Index on Wednesday, down 34.30% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Ethereum’s market cap down to $289.64B, or 17.25% of the total cryptocurrency market…[Read more]

Level 30: Moon “You develop an instant global consciousness, a people orientation, an intense dissatisfaction with the state of the world, and a compulsion to do something about it. From out there on the moon, international politics look so petty. You want to grab a politician by the scruff of the neck and drag him a quarter of a million miles o…[Read more]

New OCC head requests review of cryptocurrency rulesThe United States’ banking regulator, the Office of the Comptroller of the Currency, is set to review cryptocurrency-related rulemaking following Brian Brooks’ departure.

Michael Hsu, the newly-appointed Acting Comptroller of the Currency, has requested a staff review of former OCC rul…[Read more]

United States OCC Chief Will Review Previously-Issued Crypto RegulationsThe United States Office of the Comptroller of the Currency will review crypto policies.
The new OCC Chief Michael Hsu will prioritize the review of key regulatory standards.
Hsu expressed his concern on the initiatives previously issued.
The new United States Office of the…[Read more]

Kusama: Recent 50% Surge, Developments, and the FutureKusama (KSM) recently began a terrific price rally which saw the asset rise by over 50%.
This increment in value has seen Kusama trade at over $581 which now reflects in its market capitalization which is now at $4.9 billion.
The rise in value can be attributed to a number of factors including…[Read more]

Cardano Plunges 30% In Bearish TradeInvesting.com – Cardano was trading at $1.415554 by 08:42 (12:42 GMT) on the Investing.com Index on Wednesday, down 30.25% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Cardano’s market cap down to $48.892876B, or 2.87% of the total cryptocurrency market…[Read more]

Bitcoin Tumbles 24% In SelloffInvesting.com – Bitcoin was trading at $34,318.1 by 08:54 (12:54 GMT) on the Investing.com Index on Wednesday, down 24.39% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Bitcoin’s market cap down to $698.8B, or 41.61% of the total cryptocurrency market cap. At…[Read more]

EOS Plunges 38% In SelloffInvesting.com – EOS was trading at $5.8232 by 08:45 (12:45 GMT) on the Investing.com Index on Wednesday, down 37.72% on the day. It was the largest one-day percentage loss since May 19.

The move downwards pushed EOS’s market cap down to $6.4084B, or 0.38% of the total cryptocurrency market cap. At its highest, EOS’s…[Read more]

Ethereum Plunges 34% In Bearish TradeInvesting.com – Ethereum was trading at $2,243.40 by 08:50 (12:50 GMT) on the Investing.com Index on Wednesday, down 34.30% on the day. It was the largest one-day percentage loss since March 12, 2020.

The move downwards pushed Ethereum’s market cap down to $289.64B, or 17.25% of the total cryptocurrency market…[Read more]

Litecoin Plunges 39% In RoutInvesting.com – Litecoin was trading at $186.332 by 08:48 (12:48 GMT) on the Investing.com Index on Wednesday, down 38.95% on the day. It was the largest one-day percentage loss ever.

The move downwards pushed Litecoin’s market cap down to $14.895B, or 0.89% of the total cryptocurrency market cap. At its highest,…[Read more]

Target, Take-Two Rise Premarket; Lowe’s FallsInvesting.com — Stocks in focus in premarket trade on Wednesday, May 19th. Please refresh for updates.

Target (NYSE:TGT) stock rose 3.3% after the retail giant reported that its fiscal first-quarter sales rose 23%, helped by its curbside pickup service and an increasing return to physical stores by…[Read more]

Bitcoin-Absturz: Aus alt mach neuInvesting.com – Aus alten Nachrichten neue Nachrichten machen und damit die Märkte bewegen. Das mag verrückt klingen. Ist es aber nicht. Beim Bitcoin kommt genau das zum Tragen und löste in den letzten 24 Handelsstunden weitere Gewinnmitnahmen aus. Mit 38.500 Dollar erreichte die nach Marktkapitalisierung wi…[Read more]

Good morning community, have a nice day full of happiness 🌞❤

Sleep well cryptonauts 🌛

Famous analyst calls $43K Bitcoin price ‘logical’Bitcoin may have lost 35% since its all-time highs of $64,500, but its current price is actually “logical.”

That’s according to veteran analyst John Bollinger, creator of the Bollinger bands trading indicator.

BTC/USD 1-hour candle chart (Bitstamp) with Bollinger bands. Source: Tradi…[Read more]

‘Long Bitcoin’ chosen as most crowded trade in latest BofA surveyDespite the ongoing sideways trend in the cryptocurrency markets, Bitcoin (BTC) still remains a crowded trade. According to a new survey from Bank of America (NYSE:BAC), this could indicate that the current bull cycle’s market top is still to come.

Bank of America’s most recent fun…[Read more]