BItcoin (BTC) is beginning its “seventh bull cycle” and investors should not be scared of crypto post-FTX, Pantera Capital believes. In its latest “Blockchain Letter” on Feb. 8, the asset management firm’s CEO, Dan Morehead, predicted that 2023 would be a “year for rebuilding trust.” Morehead: Cryptoassets have "seen the lows" this cycle With BTC price action retracing slightly after gaining 40% in January, some market participants still insist that new macro lows are due across crypto assets. While the timing for such a scenario varies, consensus remains absent when it comes to how the market will rebound. For Morehead, …

Bitcoin (BTC) price and the wider crypto market corrected at the start of this week, giving back a small portion of the gains accrued in January, but it’s safe to say that the more experienced traders expected some sort of technical correction. What was unexpected was the SEC’s Feb. 9 enforcement against Kraken exchange and the regulator’s announcement that staking-as-service programs are unregulated securities. The crypto market sold-off on the news and given Kraken’s decision to close up 100% of its staking services, traders are concerned that Coinbase will eventually be forced to do the same. The real question is, …

The United States Securities and Exchange Commission (SEC) is ramping up pressure on the crypto sector. On Feb. 9, the SEC reached a $30 million settlement with Kraken over the centralized staking program offered to its users. The news of the crackdown sent Bitcoin (BTC) price to a 3-week low as investors became fearful of the regulatory enforcement. On the news, Ether's (ETH) price also corrected, cementing the token’s worst-performing day of 2023. While the overall crypto market was down after the SEC announcement, bright spots arose with decentralized liquid staking tokens Lido (LDO) and Rocketpool (RPL) and Frax (FXS) …

On Feb. 9, United States Securities and Exchange Commission (SEC) chair Gary Gensler explained why the regulator had cracked down on Kraken cryptocurrency exchange, forcing it to stop its crypto staking program for U.S. clients. This news may have rattled crypto investors and they sold aggressively. Bitcoin (BTC) crashed about 5% on Feb. 9 and several altcoins also followed suit. The fresh round of selling has traders wondering whether the bear market has resumed or if the dip should be interpreted as a buying opportunity. This question may be troubling to investors, but for now the correction looks to be …

Bitcoin (BTC) saw no relief at the Feb. 10 Wall Street open as United States equities dipped further. "All eyes" on 200-day moving averages Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it tracked sideways following a volatile 24 hours’ trading. Existing market weakness was compounded by an announcement from U.S. regulators concerning Ethereum (ETH) staking, with major crypto exchange Kraken forced to suspend its staking operations and pay a $30 million fine. Bitcoin fell to three-week lows as a result, with traders eyeing potential retests of $20,000 and even $19,000 to come. On the day, stocks offered …

Bitcoin (BTC) fell to bearish target zones on Feb. 10 as bulls failed to hold important support above $22,000. Crypto wipeout mounts as BTC price loses $22,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dropping to $21,633 on Bitstamp. The pair reacted badly to regulatory fears from the United States, but had already faced days of bearish sentiment, with traders expecting a retest of $21,000 or even lower. At the time of writing, Bitcoin traded at around $21,800, down around 7% in February so far. “Bear market back or are we just having a slight correction?” Cointelegraph contributor …

Ethereum's native token, Ether (ETH), saw its worst daily performance of the year as the U.S. Securities and Exchange Commission (SEC) stopped Kraken, a cryptocurrency exchange, from offering crypto staking services. On Feb. 9, Kraken agreed to pay $30 million to settle the SEC's allegation that it broke securities rules by offering crypto staking services to U.S. retail investors. The news pushed down the prices of many proof-of-stake (PoS) blockchain project tokens, in particular. Ethereum, which switched to a staking-based protocol in September 2022, also suffered as a result. On Feb. 9, ETH's price plunged nearly 6.5% to around $1,525, …

A crypto exchange project initially proposed by 3AC and Coinflex has now launched an official website and waitlist as of Feb. 9. Called “Open Exchange (OPNX)”, the new project alleges that it will be “the world's first public marketplace for crypto claims trading and derivatives,” according to a tweet from the project’s official Twitter account. 1/ Introducing Open Exchange. Open Exchange will start as the world's first public marketplace for crypto claims trading and derivatives. Then become the world's most radically transparent CEX. The claims waitlist is now open @ https://t.co/Q2HsUqSZ7E — OPNX Official (@OPNX_Official) February 9, 2023 In a …

Bitcoin (BTC) stayed lower at the Feb. 9 Wall Street open as a sweep of local lows increased bets of a more serious comedown. Trader: "Something feels off" about BTC strength Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it traded around $22,700 on Bitstamp. The pair had dipped to $22,378 earlier in the day, this marking its lowest levels since Jan. 25 and a reinforcement of $22,400 as an important zone to watch. “We tapped the swing low at $22,500 followed by a bounce. I would look for the bears to escalate the drop once we lose …

Bitcoin (BTC), Ether (ETH) and even nascent altcoins are a solid “buy,” a previously risk-off investor says. In a blog post released Feb. 8, industry stalwart Arthur Hayes announced a U-turn on his current crypto investment plans. Hayes changes tune on "risky assets" Current macroeconomic conditions stemming from the United States Federal Reserve previously made Arthur Hayes keen to avoid what he calls “risky assets.” As inflation slows and the Fed’s rate hikes with them, multiple new storms are brewing in the U.S., and the Fed, as well as Congress and the Treasury, will all steer the economy as they …

The United States Federal Reserve Chairman Jerome Powell said on Feb. 7 that the “disinflationary process, the process of getting inflation down,” has started but it is still in its very early stages. He cautioned that strong data would be met with more rate hikes. Though the comments are mixed, they triggered buying in the S&P 500 and Bitcoin (BTC) on Feb. 7 as investors speculated that the Fed may soon end its rate hikes. Bitcoin’s strong rally in January and signs of ebbing inflation seem to have turned around investor sentiment. CoinShares data on Jan. 30 shows that institutional …

A little-known Bitcoin (BTC) price metric has just given a new bull run signal — and it has never been wrong. As noted on Feb. 8 by Caleb Franzen, senior market analyst at Cubic Analytics, the Williams %R oscillator has left its bottom zone for the first time since May 2022. Analyst: Oscillator crossover is "great sign" Bitcoin gaining 40% in January and continuing to hold higher levels has produced breakout signals across various on-chain indicators. Some analysts are cautious, opting to wait and see if the improved conditions last, but for Franzen, the data coming from the Williams %R …