A new paper from Ernst & Young for India’s competition regulator underscores that blockchain companies may be competitors to established Indian banks.
A steep drop in the Bitcoin blockchain's hashrate may have prompted some traders to hedge, after prices fell to a three-week low.
Volumes on the CoinDesk 20 eight spot BTC venues was over $8 billion for the first time since Feb. 23.
Bloomberg anticipates continued deflation and peak oil similar to 2018. This could be negative for bitcoin.
Record futures liquidations show leverage was excessively skewed bullish.
"The loss of bullish momentum is only short term in nature," one chart analyst said.
Bitcoin nosedived to a three-week low of $52,148 during Sunday's Asian hours.
"The whale entities chart could show that smaller retail investors are purchasing bitcoin, and large holders are selling into that rally," one hedge fund CEO said.
“The biggest fear for many crypto traders has always been that big governments might impose harsh restrictions on cryptocurrencies,” said one analyst.
DOGE now has a market value of more than $50 billion, surpassing the giant U.K. bank Barclays after tripling in price.
Option traders continue to snap up cheap out-of-the-money call option at the $80,000 strike.
Turkey's crypto ban sets a bad precedent for other countries mulling similar moves.
Also, ether continued to move higher after the Berlin Fork.
Bitcoin takes a breather as billionaire investor Mike Novogratz warns of market correction.
Also, 98 cryptocurrencies are now valued at more than $1 billion each.