Blackrock reports Bitcoin-Spot-ETF, BTC fell to 3-month low because the Fed's interest rate increases: Summary of this week

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Von Krypto News Österreich

In der Kryptowährungs-Community gibt es in letzter Zeit nicht allzu viele positive Entwicklungen. Alles begann letzten Montag, als die US-Börsenaufsichtsbehörde SEC beschloss, einen Rechtsstreit gegen Binance einzuleiten und ihr Vorgehen gegen große Krypto-Börsen verschärfte, indem sie gleich am nächsten Tag auch Coinbase verklagte. Erwartungsgemäß führten diese eher unerwarteten Ereignisse zu massiven Preisabstürzen bei den meisten Krypto-Assets. Dennoch gelang es vielen, die meisten Verluste bis Ende letzter Woche wieder aufzuholen, doch vor genau sieben Tagen änderte sich alles. Als der Freitag zu Ende ging und der Samstag näher rückte, wurden zahlreiche digitale Vermögenswerte, hauptsächlich Altcoins, die in den Klagen der SEC …
There have not been too many positive developments in the cryptocurrency community recently. It all started last Monday, when the US stock exchange supervisory authority SEC decided to initiate a legal dispute against Binance and tightened its approach to large crypto exchanges by also suing coin base the next day. As expected, these rather unexpected events led to massive price crashes in most crypto-assets. Nevertheless, many managed to catch up most of the losses until the end of last week, but everything changed exactly seven days ago. When Friday came to an end and Saturday came closer, numerous digital assets, mainly old coins, which in the complaints of the Sec ... (Symbolbild/KNAT)

In the cryptocurrency community, there have not been too many positive developments lately. It all started last Monday when the US stock exchange supervisory authority SEC decided to initiate a legal dispute against Binance and tightened its approach to large crypto exchanges by also suing Coinbase the next day.

As expected, these rather unexpected events led to massive price crashes in most crypto-assets. Nevertheless, many succeeded in catching up most of the losses until the end of last week, but everything changed exactly seven days ago.

When Friday came to an end and Saturday came closer, numerous digital assets, mainly old coins, which were mentioned in the complaints of the SEC as non -registered securities, were dropped in the double -digit range during a massive bloodbath.

BTC and ETH were spared to a certain degree, perhaps because they were not included in the documents of the Sec. But after a relatively quiet week in which even the US VPI numbers on Wednesday and the decision of the Fed to stop the interest rate increases on Thursday, the most important cryptocurrency did not initially shook.

That changed on Thursday evening when BTC crashed from over $ 26,000 to just under $ 24,800 and thus reached the lowest price for three months. Most old coins followed this example, with some, such as BNB, recorded six -month lows.

Bitcoin was able to recover after the first positive news of the week. The cryptocurrency shot up by more than one thousand than the world's largest asset manager-Blackrock-submitted documents to the introduction of a spot bitcoin ETF in the USA.

However, if you look at the diagrams on a weekly level, the situation appears quite painful. While Bitcoin has dropped by more modest 4 %, some old coins such as EOS, APECOIN, Flow, Polygon, Chiliz, Axie Infinity, Thorchain, Pepe, The Sandbox and many other double -digit losses suffered up to 35 % in seven days.

Bears_cover Market dates

Market capitalization: $ 1,072 billion | 24-hour volume: $ 33 billion | BTC dominance: 46.1 %

BTC: $ 25,500 (-4.2 %) | ETH: $ 1,663 (-10 %) | BNB: $ 235 (-10.1 %)

The crypto headlines this week should not be missed

Blackrock submits Bitcoin-Spot ETF application and uses Coinbase . As mentioned above, the positive highlight of the week came when the US giant Blackrock submitted documents to the introduction of a spot bitcoin ETF in the USA. In view of the views of the SEC on this topic, however, the community does not really hold its breath.

Brazil's President authorizes the central bank as a crypto regulatory authority . While the United States still do not present any clear guidelines for the crypto industry and also not which regulatory authority should do this, the Brazilian president of the country's central bank ordered to start monitoring the area of ​​digital assets.

The Bitcoin-loving mayor of Miami takes part in the US presidential election campaign . The race for the presidency in the USA picks up speed and new candidates appear every week. The youngest who did this is Francis Suarez - the current mayor of Miami, who is an enthusiastic supporter of BTC and even invested in the asset.

CZ rejects reports that the French branch of Binance was investigated . CZ had a busy week to suppress false rumors. At first he refuted the speculation that his company started selling BTC and BNB. Only on Friday he had to refute a report on which French authorities had started with investigations against the local branch of Binance.

judge rejects the SEC for freezing from Binance.Us assets and orders the parties a compromise . The first sparks on the Binance Sec front started this week. The SEC requested an urgent freezing of Binance's assets, but a US judge rejected the application and asked both parties to find a more suitable solution.

Bitcoin is traded unchanged after the US Federal Reserve has exposed interest rate increases . As many expected, the US Federal Reserve decided to pause the interest rate policy after numerous consecutive increases. While BTC actually remained relatively flat at first, the asset crashed in the following hours.

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