First Mover Asia: ¿Por qué Bitcoin cayó a $ 25.4K? Demanda de la SEC contra Binance Rocks Crypto Markets

TAMBIÉN: el token stETH de Lido se ha convertido en el séptimo token más grande por capitalización de mercado, justo por delante de Cardano y justo detrás de XRP, según datos de CoinGecko. ¿Qué hay detrás de su ascenso?.

Timeline of Bitcoin

In a significant development this week, Bitcoin price has crossed bearish on the weekly LMACD (Logarithmic Moving Average Convergence Divergence), marking the first time this has occurred in 2023. Does this mean further decline for BTCUSD, or do bulls still have a chance to save the recent uptrend?

Despite displaying an admirable measure of strength year-to-date, Bitcoin has not been off to a good start this month, with the top cryptocurrency losing momentum due to recent market dynamics.

Bitcoin (BTC) and other cryptocurrencies have taken a hit in the wake of recent news regarding Binance, the world's largest cryptocurrency exchange by trading volume. The market has reacted with concern to the disclosure of a complaint against the exchange, which has sparked a wider downtrend throughout the cryptocurrency industry.

Following the company's announcement that it will build a sustainable Bitcoin mining operation in Uruguay, the stablecoin issuer Tether has disclosed its investment in a Salvadoran bitcoin mining operation called “Volcano Energy.

The Bitcoin Ordinals protocol developers have introduced a new upgrade to rectify over 71,000 invalid inscriptions previously untradeable. These inscriptions often result from incorrect usage and were rendered useless and untradeable until now.

A widely followed crypto analyst is issuing a warning that the Bitcoin (BTC) top for 2023 is likely already in. In a new video update, prominent crypto strategist Benjamin Cowen tells his 783,000 YouTube subscribers that Bitcoin's price action in 2023 may be mirroring 2019 when it declined in the second half of the year.

Due to recent market conditions, the BTC price has taken a sharp bearish turn, touching the ground at a staggering $25.5K. The trigger for this massive decline was the recent lawsuit faced by Binance, one of the world's largest cryptocurrency exchanges, against the U.S. Securities and Exchange Commission (SEC).

USDT issuer Tether has invested in El Salvador's $1 billion Volcano Energy, paving the way for developing one of the world's largest Bitcoin mining farms powered by renewable energy.

A public-private partnership in El Salvador will pump $1 billion into creating one of the world's largest bitcoin mining farms, the group called Volcano Energy announced on Monday.

Franklin Templeton, one of the world's largest asset managers with over $1.5 trillion in assets under management, plans to invest heavily in Bitcoin as well as its underlying technology.