Crypto Currency

Bitcoin slips 5% below $117,000 mark

Key Takeaways Bitcoin dropped to nearly $116K as Trump reignited U.S.-China trade tensions. Ethereum fell below $4K and Solana neared $200 amid a broader risk-off market slump. Share this article Bitcoin fell below $117,000 today, declining nearly 5% on the day and nearing the $116,500 mark amid broad market volatility following comments from U.S. President

Published 2 weeks ago in
Bitcoin slips 5% below $117,000 mark

Key Takeaways

  • Bitcoin dropped to nearly $116K as Trump reignited U.S.-China trade tensions.
  • Ethereum fell below $4K and Solana neared $200 amid a broader risk-off market slump.

Share this article

Bitcoin fell below $117,000 today, declining nearly 5% on the day and nearing the $116,500 mark amid broad market volatility following comments from U.S. President Donald Trump threatening new tariffs and countermeasures against China.

Ethereum dropped below $4,000, while Solana traded close to $200 as the wider crypto market turned sharply red. The downturn mirrored a broader selloff in equities, with the S&P 500 falling nearly 3% and the Nasdaq sliding close to 4% as investors reacted to renewed trade tensions and risk-off sentiment.

Meanwhile, gold recouped the $4,000 mark after a brief dip yesterday, reflecting a renewed shift toward safe-haven assets amid escalating market uncertainty.

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Crypto Currency

Turkey Proposes Expanded Powers for Financial Watchdog to Freeze Accounts, Blacklist Crypto Wallets

The Turkish government is set to empower its financial crime watchdog with new authority to freeze or restrict access to bank and cryptocurrency accounts. Alignment with Global Standards The Turkish government is reportedly preparing to grant its financial crime watchdog, the Financial Crimes Investigation Board (MASAK…

Published 3 hours ago in
Turkey Proposes Expanded Powers for Financial Watchdog to Freeze Accounts, Blacklist Crypto Wallets

The Turkish government is set to empower its financial crime watchdog with new authority to freeze or restrict access to bank and cryptocurrency accounts. Alignment with Global Standards The Turkish government is reportedly preparing to grant its financial crime watchdog, the Financial Crimes Investigation Board (MASAK…
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Crypto Currency

Ripple chief technology officer to step back, join board

David Schwartz was one of the chief architects behind the XRP Ledger and is well known by many in the cryptocurrency and blockchain industry…

Published 3 hours ago in
Ripple chief technology officer to step back, join board

David Schwartz was one of the chief architects behind the XRP Ledger and is well known by many in the cryptocurrency and blockchain industry…
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Crypto Currency

Japan mulls rule change to let banks hold Bitcoin, crypto for investment

Key Takeaways Japan is considering regulatory changes to allow banks to invest in and hold Bitcoin and other crypto assets. The Financial Services Agency aims to ensure bank stability and investor safety by developing new risk management frameworks for crypto investments. Share this article Japan’s Financial Services Agency (FSA), which oversees and regulates the country’s

Published 5 hours ago in
Japan mulls rule change to let banks hold Bitcoin, crypto for investment

Key Takeaways

  • Japan is considering regulatory changes to allow banks to invest in and hold Bitcoin and other crypto assets.
  • The Financial Services Agency aims to ensure bank stability and investor safety by developing new risk management frameworks for crypto investments.

Share this article

Japan’s Financial Services Agency (FSA), which oversees and regulates the country’s financial sector, is considering reforms that would allow banks to acquire and hold digital assets such as Bitcoin for investment purposes, according to a new report from Livedoor.

Talks on possible regulatory revisions are expected to start shortly within the Financial System Council, an advisory body to the Prime Minister, the report states.

The FSA intends to introduce regulations that consider how crypto investments could affect banks’ financial stability. The working group will also discuss risk management systems for digital asset handling to mitigate volatility risks.

Under the current FSA guidelines, which were updated in 2020, banks are not allowed to hold crypto for investment due to concerns over price volatility and potential losses affecting banks’ financial health.

The proposed framework would roll back that restriction with added safeguards, allowing banks to buy and sell digital assets alongside traditional instruments like equities and bonds under strict financial soundness rules.

The regulator is also considering allowing banking groups to register as crypto asset exchange service providers, a status required for offering crypto trading services. The agency believes t

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Crypto Currency

Bitcoin Just Broke Up with Nasdaq — And No One Saw It Coming

Bitcoin decoupled from the Nasdaq last week, falling as other assets rose. Analysts cite speculative leverage and a massive crash, making US-China talks vital for recovery. The post Bitcoin Just Broke Up with Nasdaq — And No One Saw It Coming appeared first on BeInCrypto…

Published 5 hours ago in
Bitcoin Just Broke Up with Nasdaq — And No One Saw It Coming

Bitcoin decoupled from the Nasdaq last week, falling as other assets rose. Analysts cite speculative leverage and a massive crash, making US-China talks vital for recovery.
The post Bitcoin Just Broke Up with Nasdaq — And No One Saw It Coming appeared first on BeInCrypto…
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