Bitcoin’s price trudges under the weight of news: the Department of Justice has set its eyes on Fed Chair Jerome Powell. The 92,000 level stands as a stubborn wall; whispers of a climb to 95,000 flicker like heat in a cold corridor.
Standard Chartered is weighing a crypto prime brokerage initiative as institutional crypto demand keeps growing. They want to keep innovating and still stay plugged into regulated markets. And yes, it feels like a vote of confidence from lenders worldwide toward digital assets, as if the bankers just discovered a new coffee blend that tastes like opportunity. 😂
The 1-hour chart is basically Bitcoin’s mood swings on full display. 📈💃 It spiked from $90,090 to $92,392 like it had one too many energy drinks, then crashed back to $90,500. Classic rise-and-recoil, followed by low- volume pullbacks-aka profit-taking, not panic selling. Calm down, Bitcoin, we know you’re just flexing. 💪😏
A majority of U.S. debanking cases result from direct or indirect government pressure rather than independent decisions by financial institutions, according to a new report from the Cato Institute. 🧠
Bloomberg’s correspondent tells us that the restrictions now under debate would be woven into the crypto market-structure bill. The observer notes that Coinbase might reconsider its support should the law creep beyond mere disclosure to lay down tighter fetters on stablecoin rewards. The mood among merchants is not a trumpet call but a wary whisper, a reminder that power, when it speaks of transparency, might also murmur of restraint.
Enter Brad Setser, a senior fellow at the Council on Foreign Relations-yes, one of those solemn wizards who conjure doom and destiny from balance sheets-and Teresa Alves of Goldman Sachs, whose forecasts are nearly as reliable as death, taxes, and that one cousin who always brings kale to a barbecue. Both, in their infinite spreadsheet-driven wisdom, now testify that the yuan is not merely neglected, but dramatically underpriced against the mighty dollar. Imagine! A currency undervalued! Next, you’ll tell me my copy of Lolita is underappreciated at yard sales. 📚💔
The FSC has crafted new guidelines for listed corporations and professional investors, which are expected to be finalized by February. Because, of course, they want to make sure everyone has plenty of time to get their crypto ducks in a row 📝.
Yet, let us not forget its grand entrance! From the dawn of the year to the 4th of January, this digital trinket soared 80.15%-a height even Lady Macbeth might envy. Alas, such prodigious ascent hath been met with a most reasonable 18.32% retraction. How droll.
Apparently, it’s not enough to just…exist and want to trade digital currency. Nope. They need live biometric data, your location like they’re tracking you for a Netflix true crime doc, and proof your bank account is actually yours. It’s honestly more commitment than some relationships. 🤦♀️
XRP price failed to stay above $2.20, because who needs stability, anyway? 😂 It declined, and then it spiked below $2.050, because why not? 🤷♀️