🔎 Key Points 👇🏼
- Reports the Biden administration preparing a strategy to regulate crypto in February
- More on Russia inching towards crypto regulation (instead of banning)
- Investors continue to withdraw from US stocks amid the expected tightening of the US Federal Reserve's monetary policy. The day before, the central bank, following its meeting, signaled that it would start raising interest rates in March, curtailing the entire stimulus program at the beginning of the month. In the future, the regulator will begin to reduce the Fed's balance sheet.
- In such circumstances, investors will continue to reduce their positions on risky assets, and Cryptocurrencies may be hit first.
- The US Securities and Exchange Commission (SEC) has rejected Fidelity's application to launch a bitcoin ETF. Fidelity itself warned investors that bitcoin was in a “liquidity storm” due to high volatility in the stock market.
- Reports the Biden administration preparing a strategy to regulate crypto in February
- More on Russia inching towards crypto regulation (instead of banning)
- Investors continue to withdraw from US stocks amid the expected tightening of the US Federal Reserve's monetary policy. The day before, the central bank, following its meeting, signaled that it would start raising interest rates in March, curtailing the entire stimulus program at the beginning of the month. In the future, the regulator will begin to reduce the Fed's balance sheet.
- In such circumstances, investors will continue to reduce their positions on risky assets, and Cryptocurrencies may be hit first.
- The US Securities and Exchange Commission (SEC) has rejected Fidelity's application to launch a bitcoin ETF. Fidelity itself warned investors that bitcoin was in a “liquidity storm” due to high volatility in the stock market.
