CryptoQuant founder Ki Yang Ju expects the current bull cycle to see Bitcoin rise three to five-fold, rather than another ten-fold rally. The consolation is that, according to his forecast, the subsequent bear market will also be milder.
The Altcoin Cycle Signal indicator, which shows the ratio of Bitcoin’s performance to that of other major cryptocurrencies, has shifted from ‘Bitcoin season’ to ‘altseason’. The metric takes into account the 250 largest altcoins, excluding stablecoins, and its value has reached 75 — the threshold at which the market begins to shift in favour of altcoins relative to Bitcoin.
Bitcoin (BTC) surged above $86,000 after trading opened on Wall Street on Monday, as US shares rose amid falling oil prices.
The law establishes the legal framework for the market in relation to public offerings, admission to trading, disclosure of information, the granting of licences, the supervision of service providers, and so on. Its scope extends to all participants – both residents and foreign entities operating in Moldova.
On 15 September, the US Senate failed to secure enough votes to move forward with a key piece of legislation on cryptocurrency regulation – the CLARITY Act. A minimum of 60 votes was required to proceed with the bill, but the procedural vote ended with a result of 49 to 50. The bill was blocked by Democrats, along with several Republicans.
The Polish state-owned energy group Orlen has found itself at the centre of one of the biggest corporate scandals in the country’s history. The company lost at least $424 million (around 1.6 billion zlotys) whilst attempting to order oil from Venezuela, with payment to be made in cryptocurrency.
North Korea (DPRK) is now using remote workers from third countries, including Iran and Lebanon, to help it infiltrate US companies and raise funds to finance its weapons programmes, NBC reported on Friday.
Oil has risen to $100 a barrel for the first time since July amid the escalating military conflict between the US and Iran. Fears of rising prices for goods and services have put investors on edge. How quickly will Bitcoin and Ether go under instead of the oil tankers?
The head of Coinbase, the largest US crypto exchange, suggested that the current market cycle has already bottomed out, and a new upward trend could begin within the next 12–24 months.
The US stock exchange group Nasdaq has invested $100 million in Payward – the parent company of the cryptocurrency platform Kraken – valuing it at $21 billion. The deal strengthens the collaboration between the two companies in the field of financial asset tokenisation and the integration of traditional market infrastructure with blockchain networks.
