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Welcome to our technical crypto market update, where we delve into the latest trends and technical analytics that could impact the market.
Australian Treasury proposes new regulations for crypto exchanges. Bitcoin surges almost 5% on Monday as its dominance strengthens. Ethereum’s Layer 2 ‘Scroll’ marks milestone in scalability. Uniswap DAO grants US$46.2M to Uniswap Foundation. Crypto advocates tip Bitcoin to hit US$100,000 within five years.
Caroline Bowler, CEO of BTC Markets responds to the consultation paper from the Commonwealth Treasury regarding proposed regulation of crypto-asset exchanges in Australia.
Markets are quiet but don’t let low numbers fool you. We have entered a pivotal time for crypto and digital assets. Firstly, the FTX trial is very necessary. The case needs to be public and high profile.
Bitcoin’s dominance hits a 3-month high at 51%. Solana investment products see largest week of inflows since March 2022. ETH/BTC ratio drops to a 15-month low. Altcoins bear the brunt of de-risking sentiment. US PPI surprises to the upside amid geopolitical uncertainty.
Bitcoin starts October with a 3.82% gain, climbing to US$28K. SEC’s motion to appeal loss in Ripple case is denied. September curse ends as Bitcoin closes in the green. IMF calls for greater crypto oversight. Uniswap Foundation targets US$62M in additional funding.