Bitcoin’s Latest Rally Is Different as BTC Rises Alongside U.S. Dollar and Treasury Yields
Bitcoin has managed to chalk out a double-digit rally recently, ignoring the strength in the dollar index and Treasury yields.Source
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U.S. Regulators Do Have Some Control Over Stablecoin Tether: JPMorgan
USDT’s appeal relative to other stablecoins will likely diminish as regulations will require more transparency and compliance with new anti-money laundering standards, the report said.Source
Crypto Traders See 20% Chance of Bitcoin Topping $70K by April End: DeFi Options Marketplace Lyra
Bitcoin has rallied 35% in three weeks, with mining reward halving due in April.Source
Asset Manager Jupiter’s Crypto Investment Scrapped by Compliance Team: FT
The firm’s Gold & Silver fund made a $2.58 million investment in an XRP ETP, which was later cancelled.Source
Did Elizabeth Warren Just Endorse Bitcoin? Not So Fast
A stunt from Bitcoin supporters led to the appearance that the U.S. senator and staunch cryptocurrency opponent Elizabeth Warren signed an order for a flag to be flown over the U.S. capitol commemorating Satoshi Nakamoto.Source
U.S. Federal Reserve Gov. Waller Says DeFi Could Boost Dollar’s Global Strength
Crypto critics often warn of digital currencies’ potential to destabilize the U.S. dollar, but Federal Reserve Gov. Christopher Waller argued that stablecoins’ dependence on the dollar could actually strengthen the U.S. fiat currency as decentralized finance (DeFi) catches on.Source
Bitcoin’s Rise to $52K Is Driven by Strong U.S. Demand, the Coinbase Price Premium Suggests
Massive inflows into spot bitcoin ETFs made headlines recently, but there are other metrics that showcase U.S. investors’ appetite for the asset.Source
Protocol Village: RW3, Blockchain-Focused VC Led by Pete Najarian, Raises $80M
The latest in blockchain tech upgrades, funding announcements and deals. For the period of Feb. 15-21.Source