CEO of Hong Kong securities regulator appointed as new FCA chair

The UK Financial Conduct Authority is tapping into Hong Kong’s securities market regulator for a new chair. Ashley Alder, the CEO of the Securities and Futures Commission of Hong Kong, is set to become the new chair of the FCA.

Read More CEO of Hong Kong securities regulator appointed as new FCA chair

SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation – BTC Wires

The chairman of the U.S. Securities and Exchange Commission (SEC), point of entry Gensler, has reportedly planned “one rule book” for the regulation of crypto assets. “If this trade goes to require any path forward, it’ll build some higher trust

Read More SEC Chair Gensler Proposes ‘One Rule Book’ Crypto Regulation – BTC Wires

Fed Chair Jerome Powell warns there will be MORE economic damage before inflation comes down

Federal Chair Jerome Powell has warned the American economy will see even more damage before inflation comes down from a 41-year-high of 8 per cent – which Republicans have blamed on Biden’s spending.  The Federal Reserve on Wednesday raised interest rates by

Read More Fed Chair Jerome Powell warns there will be MORE economic damage before inflation comes down

Chair of January 6 committee says there are NO plans to bring criminal charges against Trump

Members of the House committee investigating Trump’s efforts to overturn his 2020 election defeat appear split on whether to refer former President Donald Trump and his associates for criminal prosecution over their role in planning January 6 riot at the U.S. Capitol.  Members of the

Read More Chair of January 6 committee says there are NO plans to bring criminal charges against Trump

Putin’s hand shakes before he grips chair arm and awkwardly taps feet in latest sign of ill health

Vladimir Putin is seen standing with a shaking hand and then firmly gripping his chair in resurfaced footage – adding to mounting speculation over the state of the Russian president’s health.  The clip, which was taken on February 18, just

Read More Putin’s hand shakes before he grips chair arm and awkwardly taps feet in latest sign of ill health

Joint Chiefs Chair Mark Milley says ‘potential for conflict’ with China and Russia is ‘increasing’

The country’s most senior military officer on Tuesday delivered a grave warning that the world is becoming more unstable, increasing the chances of deadly conflict between the U.S. and other world powers. As he laid out details of the threat,

Read More Joint Chiefs Chair Mark Milley says ‘potential for conflict’ with China and Russia is ‘increasing’

Republicans BOYCOTT confirmation of Biden’s federal reserve picks in protest of vice chair pick

Republicans on the Senate Banking Committee have boycotted a meeting scheduled for Tuesday afternoon to vote on President Joe Biden‘s slate of nominees to the Federal Reserve, which includes Chairman Jerome Powell’s bid for a second term. They are protesting

Read More Republicans BOYCOTT confirmation of Biden’s federal reserve picks in protest of vice chair pick

January 6 committee chair Bennie Thompson says lawmakers gave TOURS to Capitol rioters day before

A lone protester demonstrating against the January 6 attacker stands outside the Capitol during Biden’s speech Madam Vice President, my fellow Americans: To state the obvious, one year ago today, in this sacred place, democracy was attacked — simply attacked.

Read More January 6 committee chair Bennie Thompson says lawmakers gave TOURS to Capitol rioters day before

Crypto Market Bloodbath Takes Bitcoin Price 17% Down To $47K-Buy BTC Now• The cryptocurrency market is experiencing a massive sell-off that started during the New York midnight trading session. • The crypto market has lost as over $350 billion worth of investors’ wealth in the last 24-hours • Bitcoin price is down 17% to trade just above $47,000 taking its market cap below the $1 trillion mark. The cryptocurrency market has slumped once again by wiping out more than $350 billion of the entire market cap. This is a 17% drop over the last 24 hours according to data from CoinMarketCap. The pioneer cryptocurrency has plunged more than 17% at the time of writing, tanking below crucial levels. Bitcoin price lost as much as 25% from the highs of $57,999 on Friday to low of around $43,787 earlier today. Is Bitcoin (BTC) on sale? Bitcoin’s Market Cap Slips Under $1 Trillion The ongoing market correction that started during the midnight New York trading session comes as uncertainties surrounding the Omicron Covid variant spread across the global market. While the U.S. stock markets stayed under pressure over the last week, the spill over has been spread to other markets including the crypto market. At the time of writing, the Bitcoin price is hovering in the red around $47,979 with its market cap standing at $892 billion. This is a 17% decrease of the last 24 hours which has taken BTS’s market value below the $1 trillion mark, a first in the last two months. Bitcoin Three-Month Market Cap Going hand in had with the current BTC/USD correction is data from on-chain metrics provider which indicates that total balance in the Bitcoin accumulation addresses witnessed a sharp drop. This is an indication that there were warning signs based on exchange activity in the recent past pointing to the current price dip. Moreover, investors appear concerned at the emergence of a new COVID-19 variant and hawkish comments from the Federal Reserve Chair Power. Meanwhile, veteran investment icon Charlie Munger added to the fire by comparing the price action in the crypto market to the dot-com era that ended with the bubble popping. Here’s a look at what technical tell us the current down turn in BTC and what to be on the lookout for as 2021 comes to an end. Stiff Overhead Resistance For Bitcoin Price At $48,500 and $49,000 The nature of BTC price action has been a mix of a choppy market and a downtrend over the past few weeks. The crypto market intelligence firm Decentrader affirmed this when it highlighted that Bitcoin’s market action was choppy on lower timeframes and a slow downtrend on the longer timeframes causing fear among those who want to buy Bitcoin that the top has already gone. This is true as Bitcoin price appears to have formed a descending parallel channel on the daily chart and faces significant hurdles upwards. This is given by the resistances posed by the middle boundary of the channel at $52,673 and the 100-day Simple Movign Average (SMA) at $54,653. Further up, BTC faces hurdles from the upper boundary of the channel at $57,50, the $60K psychological level and the 50-day SMA at $60,590. This point to a continued price correction and failure to hold on to the immediate support offered by the lower boundary of the falling channel at $47,436 could see the big crypto sink to tag the 200-day SMA at $46,460. Massive overhead pressure could cause a deeper correction that could force Bitcoin bulls to retreat towards the September 21 low just above the $40,000 psychological level. BTC/USD Daily Chart BTC’s bearish outlook is accentuated by the downward movement of the Relative Strength Index (RSI) as seen on the daily chart. The entry of the RSI into the oversold region is an indication that BTC is under the control of the bears. In addition, the downward movement of the Moving Average Convergence Divergence (MACD) indicator adds credence of to the bearish narrative. Also note that the MCD sent a call to sell Bitcoin on Friday. This happened when the blue MACD line (the 12-day Exponential Moving Average – EMA) crossed below the orange signal line (the 26-day SMA) triggering massive sell orders that have fuelled the current correction in BTC. Moreover, the position of the MACD below the zero line in the negative region and the down-slopping moving averages point to a negative market sentiment validating Bitcoin’s bearish narrative. On the flipside, if bulls manage to bull BTC price back above the $52,672 embraced by the middle boundary of the descending channel, they will be bolstered to push the price higher to tag the 100-day SMA at $54,655. Altcoins Lose More That $200 Billion In Market Value The Friday night correction was equally brutal to assets in the altcoin space. The world’s second-largest cryptocurrency by market capitalisation, Ethereum (ETH) is down 13.66% slipping under its crucial support levels of $4000, to $3,46 at press time. All of the crypto’s in the top-thirty category are in the red with some dropping as much as 25% in the past 24 hours. Even the last week’s top performers like Avalanche (AVAX) and Polygon (MATIC) have tanked 12% and 10% respectively at the time of writing. In general, the altcoin space had managed to hold back relatively well over the Bitcoin consolidation over the last few weeks. However, bears seem to have taken absolute control of the market as of now. The overall cryptocurrency market cap now stands at $2.22 trillion and Bitcoin’s dominance rate has slipped to 40.53%. Buy BTC Now If you are looking for a hassle-free way to buy Bitcoin , global crypto exchanges such as eToro are worth a look. Read our guide on the best trading platforms for a review of eToro to find out more about the pioneer on social trading. There are no trading fees, with the platform making its money in the spread between the bid and ask price. The minimum trade size for crypto assets is $25. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! [su_button url=”https://insidebitcoins.com/visit/etoro-news” style=”3d” background=”#1d44bb” size=”8″ center=”yes” radius=”0″]Buy Bitcoin Now[/su_button] Your capital is at risk Read more: • How to buy Ethereum cryptocurrency • Beginners guide to cryptocurrency

Photo of Crypto Market Bloodbath Takes Bitcoin Price 17% Down To $47K-Buy BTC Now• The cryptocurrency market is experiencing a massive sell-off that started during the New York midnight trading session. • The crypto market has lost as over $350 billion worth of investors’ wealth in the last 24-hours • Bitcoin price is down 17% to trade just above $47,000 taking its market cap below the $1 trillion mark. The cryptocurrency market has slumped once again by wiping out more than $350 billion of the entire market cap. This is a 17% drop over the last 24 hours according to data from CoinMarketCap. The pioneer cryptocurrency has plunged more than 17% at the time of writing, tanking below crucial levels. Bitcoin price lost as much as 25% from the highs of $57,999 on Friday to low of around $43,787 earlier today. Is Bitcoin (BTC) on sale? Bitcoin’s Market Cap Slips Under $1 Trillion The ongoing market correction that started during the midnight New York trading session comes as uncertainties surrounding the Omicron Covid variant spread across the global market. While the U.S. stock markets stayed under pressure over the last week, the spill over has been spread to other markets including the crypto market. At the time of writing, the Bitcoin price is hovering in the red around $47,979 with its market cap standing at $892 billion. This is a 17% decrease of the last 24 hours which has taken BTS’s market value below the $1 trillion mark, a first in the last two months. Bitcoin Three-Month Market Cap  Going hand in had with the current BTC/USD correction is data from on-chain metrics provider which indicates that total balance in the Bitcoin accumulation addresses witnessed a sharp drop. This is an indication that there were warning signs based on exchange activity in the recent past pointing to the current price dip. Moreover, investors appear concerned at the emergence of a new COVID-19 variant and hawkish comments from the Federal Reserve Chair Power. Meanwhile, veteran investment icon Charlie Munger added to the fire by comparing the price action in the crypto market to the dot-com era that ended with the bubble popping. Here’s a look at what technical tell us the current down turn in BTC and what to be on the lookout for as 2021 comes to an end. Stiff Overhead Resistance For Bitcoin Price At $48,500 and $49,000 The nature of BTC price action has been a mix of a choppy market and a downtrend over the past few weeks. The crypto market intelligence firm Decentrader affirmed this when it highlighted that Bitcoin’s market action was choppy on lower timeframes and a slow downtrend on the longer timeframes causing fear among those who want to buy Bitcoin that the top has already gone. This is true as Bitcoin price appears to have formed a descending parallel channel on the daily chart and faces significant hurdles upwards. This is given by the resistances posed by the middle boundary of the channel at $52,673 and the 100-day Simple Movign Average (SMA) at $54,653. Further up, BTC faces hurdles from the upper boundary of the channel at $57,50, the $60K psychological level and the 50-day SMA at $60,590. This point to a continued price correction and failure to hold on to the immediate support offered by the lower boundary of the falling channel at $47,436 could see the big crypto sink to tag the 200-day SMA at $46,460. Massive overhead pressure could cause a deeper correction that could force Bitcoin bulls to retreat towards the September 21 low just above the $40,000 psychological level. BTC/USD Daily Chart  BTC’s bearish outlook is accentuated by the downward movement of the Relative Strength Index (RSI) as seen on the daily chart. The entry of the RSI into the oversold region is an indication that BTC is under the control of the bears. In addition, the downward movement of the Moving Average Convergence Divergence (MACD) indicator adds credence of to the bearish narrative. Also note that the MCD sent a call to sell Bitcoin on Friday. This happened when the blue MACD line (the 12-day Exponential Moving Average – EMA) crossed below the orange signal line (the 26-day SMA) triggering massive sell orders that have fuelled the current correction in BTC. Moreover, the position of the MACD below the zero line in the negative region and the down-slopping moving averages point to a negative market sentiment validating Bitcoin’s bearish narrative.  On the flipside, if bulls manage to bull BTC price back above the $52,672 embraced by the middle boundary of the descending channel, they will be bolstered to push the price higher to tag the 100-day SMA at $54,655. Altcoins Lose More That $200 Billion In Market Value The Friday night correction was equally brutal to assets in the altcoin space. The world’s second-largest cryptocurrency by market capitalisation, Ethereum (ETH) is down 13.66% slipping under its crucial support levels of $4000, to $3,46 at press time. All of the crypto’s in the top-thirty category are in the red with some dropping as much as 25% in the past 24 hours. Even the last week’s top performers like Avalanche (AVAX) and Polygon (MATIC) have tanked 12% and 10% respectively at the time of writing. In general, the altcoin space had managed to hold back relatively well over the Bitcoin consolidation over the last few weeks. However, bears seem to have taken absolute control of the market as of now. The overall cryptocurrency market cap now stands at $2.22 trillion and Bitcoin’s dominance rate has slipped to 40.53%. Buy BTC Now If you are looking for a hassle-free way to buy Bitcoin , global crypto exchanges such as eToro are worth a look. Read our guide on the best trading platforms for a review of eToro to find out more about the pioneer on social trading. There are no trading fees, with the platform making its money in the spread between the bid and ask price. The minimum trade size for crypto assets is $25. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! [su_button url=”https://insidebitcoins.com/visit/etoro-news” style=”3d” background=”#1d44bb” size=”8″ center=”yes” radius=”0″]Buy Bitcoin Now[/su_button] Your capital is at risk Read more: • How to buy Ethereum cryptocurrency • Beginners guide to cryptocurrency

Crypto Market Bloodbath Takes Bitcoin Price 17% Down To $47K-Buy BTC Now• The cryptocurrency market is experiencing a massive sell-off that started during the New York midnight trading session. • The crypto market has lost as over $350 billion worth

Read More Crypto Market Bloodbath Takes Bitcoin Price 17% Down To $47K-Buy BTC Now• The cryptocurrency market is experiencing a massive sell-off that started during the New York midnight trading session. • The crypto market has lost as over $350 billion worth of investors’ wealth in the last 24-hours • Bitcoin price is down 17% to trade just above $47,000 taking its market cap below the $1 trillion mark. The cryptocurrency market has slumped once again by wiping out more than $350 billion of the entire market cap. This is a 17% drop over the last 24 hours according to data from CoinMarketCap. The pioneer cryptocurrency has plunged more than 17% at the time of writing, tanking below crucial levels. Bitcoin price lost as much as 25% from the highs of $57,999 on Friday to low of around $43,787 earlier today. Is Bitcoin (BTC) on sale? Bitcoin’s Market Cap Slips Under $1 Trillion The ongoing market correction that started during the midnight New York trading session comes as uncertainties surrounding the Omicron Covid variant spread across the global market. While the U.S. stock markets stayed under pressure over the last week, the spill over has been spread to other markets including the crypto market. At the time of writing, the Bitcoin price is hovering in the red around $47,979 with its market cap standing at $892 billion. This is a 17% decrease of the last 24 hours which has taken BTS’s market value below the $1 trillion mark, a first in the last two months. Bitcoin Three-Month Market Cap Going hand in had with the current BTC/USD correction is data from on-chain metrics provider which indicates that total balance in the Bitcoin accumulation addresses witnessed a sharp drop. This is an indication that there were warning signs based on exchange activity in the recent past pointing to the current price dip. Moreover, investors appear concerned at the emergence of a new COVID-19 variant and hawkish comments from the Federal Reserve Chair Power. Meanwhile, veteran investment icon Charlie Munger added to the fire by comparing the price action in the crypto market to the dot-com era that ended with the bubble popping. Here’s a look at what technical tell us the current down turn in BTC and what to be on the lookout for as 2021 comes to an end. Stiff Overhead Resistance For Bitcoin Price At $48,500 and $49,000 The nature of BTC price action has been a mix of a choppy market and a downtrend over the past few weeks. The crypto market intelligence firm Decentrader affirmed this when it highlighted that Bitcoin’s market action was choppy on lower timeframes and a slow downtrend on the longer timeframes causing fear among those who want to buy Bitcoin that the top has already gone. This is true as Bitcoin price appears to have formed a descending parallel channel on the daily chart and faces significant hurdles upwards. This is given by the resistances posed by the middle boundary of the channel at $52,673 and the 100-day Simple Movign Average (SMA) at $54,653. Further up, BTC faces hurdles from the upper boundary of the channel at $57,50, the $60K psychological level and the 50-day SMA at $60,590. This point to a continued price correction and failure to hold on to the immediate support offered by the lower boundary of the falling channel at $47,436 could see the big crypto sink to tag the 200-day SMA at $46,460. Massive overhead pressure could cause a deeper correction that could force Bitcoin bulls to retreat towards the September 21 low just above the $40,000 psychological level. BTC/USD Daily Chart BTC’s bearish outlook is accentuated by the downward movement of the Relative Strength Index (RSI) as seen on the daily chart. The entry of the RSI into the oversold region is an indication that BTC is under the control of the bears. In addition, the downward movement of the Moving Average Convergence Divergence (MACD) indicator adds credence of to the bearish narrative. Also note that the MCD sent a call to sell Bitcoin on Friday. This happened when the blue MACD line (the 12-day Exponential Moving Average – EMA) crossed below the orange signal line (the 26-day SMA) triggering massive sell orders that have fuelled the current correction in BTC. Moreover, the position of the MACD below the zero line in the negative region and the down-slopping moving averages point to a negative market sentiment validating Bitcoin’s bearish narrative. On the flipside, if bulls manage to bull BTC price back above the $52,672 embraced by the middle boundary of the descending channel, they will be bolstered to push the price higher to tag the 100-day SMA at $54,655. Altcoins Lose More That $200 Billion In Market Value The Friday night correction was equally brutal to assets in the altcoin space. The world’s second-largest cryptocurrency by market capitalisation, Ethereum (ETH) is down 13.66% slipping under its crucial support levels of $4000, to $3,46 at press time. All of the crypto’s in the top-thirty category are in the red with some dropping as much as 25% in the past 24 hours. Even the last week’s top performers like Avalanche (AVAX) and Polygon (MATIC) have tanked 12% and 10% respectively at the time of writing. In general, the altcoin space had managed to hold back relatively well over the Bitcoin consolidation over the last few weeks. However, bears seem to have taken absolute control of the market as of now. The overall cryptocurrency market cap now stands at $2.22 trillion and Bitcoin’s dominance rate has slipped to 40.53%. Buy BTC Now If you are looking for a hassle-free way to buy Bitcoin , global crypto exchanges such as eToro are worth a look. Read our guide on the best trading platforms for a review of eToro to find out more about the pioneer on social trading. There are no trading fees, with the platform making its money in the spread between the bid and ask price. The minimum trade size for crypto assets is $25. Looking to buy or trade Bitcoin (BTC) now? Invest at eToro! [su_button url=”https://insidebitcoins.com/visit/etoro-news” style=”3d” background=”#1d44bb” size=”8″ center=”yes” radius=”0″]Buy Bitcoin Now[/su_button] Your capital is at risk Read more: • How to buy Ethereum cryptocurrency • Beginners guide to cryptocurrency

Biden renominates Trump pick Jay Powell for a SECOND term as Federal Reserve Chair

Presiden Biden mengumumkan Senin bahwa dia mencalonkan kembali Partai Republik era Trump Federal Reserve Ketua Jerome Powell untuk masa jabatan kedua, menentang keluhan dari kaum progresif. Biden menominasikan Lael Brainard, seorang Demokrat, untuk wakil ketua. Dia akan menggantikan Richard Clarida,

Read More Biden renominates Trump pick Jay Powell for a SECOND term as Federal Reserve Chair