Der Kryptomarkt verliert 200 Milliarden US-Dollar, wenn Bitcoin einbricht

Der Krypto-Marktwert hat sich innerhalb von 24 Stunden um 200 Milliarden US-Dollar verringert, da der Preis für Bitcoin und andere Altcoins erheblich gesunken ist.

Nachdem der Kryptomarkt im vergangenen Monat einen deutlichen Anstieg verzeichnet hatte, hat er innerhalb von 24 Stunden rund 200 Milliarden US-Dollar an Marktwert verloren

Insbesondere zeigten CoinMarketCap-Daten, dass der Wert des Kryptomarktes von 1,1 Billionen US-Dollar am 10. Januar auf etwa 900 Milliarden US-Dollar im folgenden Geld fiel.

Der massive Rückgang des Kryptomarktes könnte mit dem jüngsten Preisverfall bei Bitcoin zusammenhängen. Trotz der jüngsten deutlichen Zuwächse ist der Preis für The News Spy gefallen.

Zum Zeitpunkt der Drucklegung war Bitcoin in den letzten 24 Stunden um 15,99% auf 32.880,76 USD gefallen.

Obwohl andere Altcoins bei der jüngsten Rallye zu Bitcoin gestoßen sind, verzeichnen die Vermögenswerte derzeit ebenfalls Verluste. Das zweitgrößte digitale Asset Ethereum (ETH) ist um 22,60% auf 998,18 USD gefallen. Außerdem ist der XRP von Ripple um 11,69% auf 0,2795 USD gefallen. Darüber hinaus ist Litecoin (LTC) um 24,18% auf 127,76 USD gefallen.

Als die Kryptowährungen sinken und der Wert des Kryptomarktverlusts sinkt, warnte die britische Financial Conduct Authority :

„Wenn Verbraucher in diese Art von Produkten investieren, sollten sie bereit sein, ihr gesamtes Geld zu verlieren. Wie bei allen risikoreichen spekulativen Anlagen sollten Verbraucher sicherstellen, dass sie verstehen, in was sie investieren. “

In einem Bericht stellte Forbes fest, dass der Preisverfall am Sonntag begann, nachdem die Sunday Times bekannt gab, dass HSBC damit begonnen hat , Übertragungen von Krypto-Börsen zu verhindern .

Finnland versteigert beschlagnahmte Bitcoins inmitten einer BTC-Preisrallye

Die finnische Zollbehörde plant den Verkauf von 1.981 beschlagnahmten Bitcoins, die mit Drogenermittlungen im Jahr 2016 in Verbindung stehen.

Finnlands Zollbehörde hat ihren Plan enthüllt, 1.981 Bitcoins im Wert von fast 76 Millionen Dollar zu versteigern, die bei der Verhaftung eines finnischen Drogenhändlers im Jahr 2016 beschlagnahmt wurden. Die Beamten der finnischen Zollbehörde planen, die jüngste Preisrallye in BTC auszunutzen.

Laut einem Bericht des finnischen Rundfunksenders Yle plante das Land ursprünglich, die erbeuteten Bitcoins im Jahr 2018 zu verkaufen, ließ den Plan aber aufgrund von Bedenken bezüglich des Geldumlaufs fallen. Dieses Jahr plant die Behörde, die beschlagnahmten Bitcoins so schnell wie möglich zu verkaufen.

Pekka Pylkkänen, ein Beamter der finnischen Zollbehörde, hat den Prozess erklärt, durch den die Beamten planen, die erbeuteten Bitcoins zu verkaufen. „Die Zollbehörde kann die beschlagnahmte Kryptowährung entweder selbst verkaufen oder sie beauftragt einen Vermittler damit. Die Bitcoins werden so schnell wie möglich verkauft, praktisch in den kommenden Monaten. Ich persönlich glaube nicht, dass es Sinn macht, das weiter zu erklären. Das wird sich durch Warten nicht mehr ändern“, sagte Pylkkänen.

Regierungen auf der ganzen Welt ergreifen strenge Maßnahmen gegen die illegale Nutzung von Kryptowährungen. Im November 2020 gaben die US-Behörden bekannt, dass die Regierung Bitcoins im Wert von fast 1 Milliarde Dollar beschlagnahmt hat, die mit dem Darknet-Markt Silk Road in Verbindung stehen.

Bitcoins-Aukion

Pylkkänen skizzierte die Risiken, die mit der Zirkulation von Kryptogeld in den kriminellen Markt verbunden sind, erwähnte aber, dass die Abteilung keine andere Wahl hat, als die Bitcoins zu verkaufen. „Der Zoll ist zu dem Schluss gekommen, dass er auf der Grundlage des Zollgesetzes keine andere Wahl hat, als die Gelder zu verkaufen. Auf der Grundlage des Zollgesetzes hatten wir die Möglichkeit, sie an eine andere Regierungsbehörde oder jemand anderen zu übergeben und sie zu vernichten. Wir kamen zu dem Schluss, dass andere Alternativen als der Verkauf nicht realistisch sind“, so Pylkkänen.

Die jüngste Entscheidung der finnischen Zollbeamten kam, nachdem der Preis von Bitcoin 40.000 Dollar überschritten hatte. Der Gesamtwert der beschlagnahmten Bitcoins liegt nun bei rund 76 Millionen Dollar, ein deutlicher Sprung von einem Wert von nur 800.000 Dollar zum Zeitpunkt der Beschlagnahmung.

Bitcoin price drop to $27,000 cost Binance traders $190 million

Traders in super-advanced positions feel the pain once again as volatility eliminates large amounts of value in minutes.

Bitcoin’s fall in price to $27,000 cost BinanceNOTÍCIAS DO MARCADO traders $190 million

The Bitcoin (BTC) fell to US$27,700 and recovered seconds later it was a shock for some and financial ruin for others, the data show.

According to Glassnode’s on-chain analytical feature, futures traders with long positions lost a total of US$190 million at Binance alone in a single hour – the most in history.

One exchange, 60 minutes, US$190 million
The numbers highlight the current face of Bitcoin, as it Crypto Trader revolves around new historical records and, together with Ether (ETH), becomes the hottest ticket of 2021.

Purchased positions were almost unrestrained throughout much of December 2020 and in the new year, these positions had little resistance.

Despite warnings from several analysts that the bullish run could not last forever, many investors took substantial risks, betting heavily on new continuing highs. In the event, $34,800 marked a definitive high, with the BTC/USD subsequently losing $7,000 in 24 hours, including $4,000 in less than 60 minutes on Monday.

Bitcoin Futures Long Settlement Chart (Binance). Source: Glassnode
The result for those who were overtaken was easy to see.

„US$190,000,000 (in long positions) were settled at #Binance in 10 minutes. The highest figure to date,“ Glassnode commented next to a graph showing the #Binance settlements.

Risk vs. Reward
As the Cointelegraph reported last week, it was the short positions that were liquidated en masse when Bitcoin ripped $30,000 for the first time. This episode lost the operators of $100 million in exchanges.

„Get used to drops of 5,000 as we move to $100,000. It comes with the territory,“ Samson Mow, strategy director for the Bitcoin Blockstream technology company, summarized on Twitter as the volatility continued.

Derivatives trades linked to Bitcoin and Ether, however, show no signs of losing popularity. CME Group, one of the pioneers in Bitcoin futures, is expected to launch Ether futures in the first quarter of this year.

Nubank recognizes Bitcoin as one of the ‚7 facts that marked money in the decade

Cryptomoedas gain prominence in a retrospective of digital banking, which analyzes the trajectory of money between 2011 and 2020.

The year 2020 is coming to an end and marks the end of an entire decade, giving way soon to the year 2021. In a retrospective of the last ten years of the market, fintech Nubank cited the importance of cryptomites such as Bitcoin (BTC), which marked the trajectory of „money“.

According to a publication in Nubank’s blog last Monday (21), Bitcoin Trader platform is pointed out as one of the „7 facts that marked money in the decade“. Like other technologies, the digital bank recognizes the importance of cryptomeda to the financial market in the last decade.

How Pix can help with the adoption of cryptomoeda

Besides Bitcoin being mentioned, the digital bank highlights that the money has been marked by profound transformations throughout the market, such as the rise of fintechs, for example, as is the case of Nubank itself.
The ‚boom‘ of fintechs

Although Nubank does not accept crypto, fintech has recognized the importance of Bitcoin for money over the past ten years. In a list of seven facts that have marked the financial market, Bitcoin appears in second place.

Therefore, before cryptomoins, the most important fact for money in the last decade was the ‚boom‘ of fintechs, according to Nubank. For digital banking, fintechs now offer more advantageous banking services, with lower service fees and more competitiveness.

„Generally, companies of this type are more efficient and do not have a great cost with physical structures, such as branches and stores, so many offer cheaper or even free services“.

Nubank, Bitcoin and Money

Right after talking about the importance of fintechs for money, Nubank’s blog cites „the ups and downs of cryptomorphs“ as an important fact in the last ten years.

According to the list of „7 facts that marked the money in the decade“, cryptomoks left their mark on the financial market. The publication brings a brief history about the creation of Bitcoin, which begins still in 2008 and ends with the record broken in US$ 20 thousand.

Nubank investors bring US$ 62 million in exchange expansion from Bitcoin to Brazil

The publication also talks about the expectation that Bitcoin’s price will continue to rise in the market, after cryptomoeda reached the historical quotation of 2017 recently.

„With the pandemic of the new coronavirus, the value of Bitcoin fell for a while, but then began to appreciate day after day. Until, in December, cryptomoeda exceeded the value of US$ 20 thousand (dollars) for the first time in history – and the expectation is that it will continue to rise“.

A new currency

For Nubank, Bitcoin’s goal was to play the role of a currency that could replace fiduciary money. In addition, fintech mentions that cryptomoeda intended to „get rid of banks“, thanks to its data decentralization.

„Created in 2008 as a response to the world financial crisis, Bitcoin aimed to replace physical money and get rid of banks in the intermediation of financial operations.

Finally, besides fintechs and cryptomoedas, five other facts have marked the trajectory of money in the last ten years, like the famous cashback programs, which return money to users.

Nubank selects clients to use Pix, which will have reduced hours during testing phase

Another fact considered important in Nubank’s retrospective was the use of digital money, especially in 2020, due to the pandemic caused by the new coronavirus. Meanwhile, novelties such as the „payment by approximation“, the lowering of the Selic rate and the launch of Pix also marked the decade of money.

France imposes strict KYC rules – end of anonymity?

France introduces KYC compulsion for Bitcoin Broker

Justitia holds in her hand the scales of justice, from which two Bitcoin coins are suspended. The French flag is in the background.

In a press release issued by the French Ministry of Finance, the government has revealed stricter KYC rules for crypto-transactions.

On 9 December, French Finance Minister Bruno Le Maire let the crypto-cat out of the Bitcoin Code bag and unveiled a legislative update setting stricter know-your-customer rules for all crypto-companies operating in the country, including for peer-to-peer transactions. The revised law could put an end to the anonymity of the French crypto space.

From now on, crypto providers will be forced to validate the identities of their users. Anonymous accounts will be prohibited. Cooperation with national secret services and the freezing of assets will also be made compulsory. As justification, France mentions, in addition to general security and attractiveness aspects, the fight against money laundering and terrorist financing. In its press release, the Ministry refers to a recent dismantling of a terrorist network in September that allegedly used transactions of digital assets. Crypto vendors have until mid 2021 to make the necessary adjustments.

France a prosperous block chain location

The recently published report of the EU Blockchain Observatory provides a detailed overview of France’s blockchain economy. The country has a significant number of block chain start-ups. They are helped by state subsidies, such as aid funds. A state fund has already invested almost €300 million in infrastructure projects of young companies in the crypto-sector. In addition, there are de-bureaucratising measures, such as the PACTE law, which removes obstacles to the establishment of start-ups. France is thus trying to establish the country as a leading crypto-space hub.

G7 favours crypto regulation

France is therefore now putting in place comprehensive regulations for crypto-space from next year. This follows the recommendations of the Finacial Action Task Force (FATF) and the G7. The finance ministers of the seven most important industrialised nations of the West were already unanimously in favour of regulation on Tuesday. For example, a press release by the US Treasury Department indicated that they wanted to impose regulations on the developing crypto landscape to prevent its use for „malicious purposes and illegal activities“.

5th EU money laundering directive as a basis in Germany

With the legislative adjustment in France, the government is also following the 5th update of the European Union’s money laundering directives, which came into force in January 2020. This directive has also been in force in Germany since the beginning of the year. In the Federal Republic of Germany, crypto providers have since been added to the group of obligated parties under the Money Laundering Act. According to this law, credit institutions, insurance companies and now also providers of crypto-currencies are obliged to keep customers in a transparency register, where proof of identity must be deposited. This means that the anonymity feature characteristic of crypto-currencies is largely omitted here as well, which is now also disappearing in France.

Is it (still) the right time to invest in Bitcoin?

Bitcoin (BTC) is once again talking about it in this time of economic and health crisis. This enthusiasm is largely linked to exceptional performance in a tumultuous market. The emergence of a new digital asset class is a boon for investors seeking diversification. However, this is accompanied by significant volatility, which it is now possible to tame.

This promotional article was produced in collaboration with NapoleonX

Successive economic crises are making traditional financial markets more and more crumbly. A system of communicating vessels that seems to be turning to the advantage of Bitcoin Profit. The latter asserts itself on a daily basis as a logical contender for the future ultimate store of value , but also a diversification tool that is becoming difficult to ignore.

A new ATH for Bitcoin

This new reality greatly appeals to institutional players , little known for their love of risk, but in dire need of diversification. Bitcoin and the attainment of a new ATH in the midst of the Covid 19 crisis has had the gift of whetting the appetite of investment funds, which were once skeptical.

The preconceived ideas are indeed upset and force the institutions to review their positions . The PayPal company recently integrated Bitcoin into its payment solutions. Billionaire and fund manager Ray Dalio even explains on Twitter that he “ may have missed something about Bitcoin .”

The finding is similar for retail investors . Still followers of potentially asymmetric income, their main concern is quite different. Without real trading fundamentals, they are faced with extreme volatility which often leaves room for frustration.

This emotional charge induced by sudden and unexpected market movements profoundly changes the attitude of traders, both confirmed and beginners. In order to approach the markets more calmly, they use trading bot services, of which Napbots is one of the major outsiders.

Bitcoin éclate de manière décisive au-dessus de la résistance

Bitcoin est sorti d’un triangle ascendant.

Il y a un soutien à 15 800 $.

BTC est probablement dans la dernière sous-vague de la cinquième vague

Veut en savoir plus? Rejoignez notre groupe Telegram et obtenez des signaux de trading, un cours de trading gratuit et une communication quotidienne avec les fans de crypto!

Le Trust Project est un consortium international d’organisations de presse établissant des normes de transparence.

Le prix du Bitcoin (BTC) a finalement éclaté de la zone de résistance de 15 800 $ et a atteint un sommet de près de 16500 $.

Bien qu’une diminution à court terme puisse se produire afin de valider la zone comme support, il ne semble pas que BTC ait encore atteint un sommet.

Bitcoin éclate

Le prix du Bitcoin s’échangeait sous la zone de résistance de 15,800 $ depuis le 5 novembre. Après avoir créé un triangle ascendant, le prix a finalement pu éclater hier, atteignant un sommet de 16 494 $ avant de baisser légèrement.

La zone de 15 800 $ est désormais susceptible de servir de support et coïncide également avec une ligne de support ascendante.

À court terme, BTC a commencé à montrer une faiblesse. Après avoir créé deux chandeliers engloutissants baissiers, le prix a créé un motif d’étoile du soir , qui est normalement considéré comme un motif d’inversion baissière.

Par conséquent, il est possible que le prix revienne pour valider la zone de 15 800 $ comme support, ainsi que la ligne de support ascendante, avant de finalement remonter.

Malgré la cassure, la tendance quotidienne a commencé à montrer une faiblesse sous la forme de la divergence baissière considérable du RSI, qui est également en territoire de surachat.

Cependant, ni le MACD ni l’oscillateur stochastique ne montrent de faiblesse.

En outre, le prix a atteint le niveau de résistance Fib de 0,786 à 16140 $ lors de la mesure à partir du prix record de 2017.

En combinant cela avec la divergence baissière, cela montre que BTC approche probablement du sommet de son mouvement à la hausse.

Si l’augmentation se poursuit, le prochain niveau de résistance se situe à 17 264 $.

Tytuł wyścigowy Formuły E‘ wśród ogłoszonych

Tytuł wyścigowy Formuły E‘ wśród ogłoszonych dziś czterech gier napędzanych NFT

Nieczytelne żetony kwitną, a Animoca Brands i Skymarch odsłaniają nadchodzące gry napędzane przez NFT.

Firma gamingowa Blockchain, Animoca Brands, ogłosiła umowę licencyjną na elektryczne jednomiejscowe mistrzostwa Formuły E w wyścigach samochodowych Formuły E w celu opracowania Bitcoin Revolution gry sportowej z napędem blokowym na nieczytelne żetony (NFTs).

W grze Formula E żeton użytkowy REVV firmy Animoca zostanie wykorzystany jako waluta w grze. REVV jest również używany jako waluta w grze w przypadku tytułu Animoca’s F1 Delta Time oraz nadchodzącej gry MotoGP.

Formuła E została stworzona w 2011 r. przez Jeana Todta z Międzynarodowej Federacji Samochodowej (FIA) i zadebiutowała w 2014 r. w Pekinie. Obecnie organizacja organizuje 14 wyścigów w 12 miastach na pięciu kontynentach w każdym sezonie, a sezonowe mistrzostwa przyciągają 411 milionów widzów.

Po zawieszeniu obecnego sezonu z powodu pandemii wirusa koronaawirusowego, 5 sierpnia wznowiono szóste mistrzostwa Formuły E w Berlinie.

6 listopada był wielkim dniem dla ogłoszeń NFTs, a Enjin, deweloper ekosystemu gier opartych na łańcuchach blokowych, ogłosił, że współpracuje z kanadyjskim studiem Skymarch, aby wprowadzić na rynek trzy unikalne tytuły, które wykorzystują nieczytelne żetony „do ulepszenia podstawowej rozgrywki“.

Najbliższe gry obejmują Crystals of Fate, kolekcjonerską grę karcianą z „systemem walki w czasie rzeczywistym“, Zeal, grę akcji skoncentrowaną na grze typu „gracz na odwrót“ oraz The Galaxy of Lemuria, MMORPG, która umożliwia przetrwanie.

Główny protokół zdecentralizowanych finansów (DeFi) Aave ogłosił również promocyjne partnerstwo z blokowym „cyfrowym wszechświatem zwierząt domowych“ Axie Infinity. Aave będzie sponsorować nadchodzący sezon „Axie Community Alpha“, dając graczom do wygrania 4.000 AAVE, podczas gdy gracze z co najmniej 0,65 AAVE zamkniętymi na klucz mogą ubiegać się o „limitowaną edycję Aave-themed NFT“ przed 6 grudnia.

Dapper Labs‘ NBA Top Shot uruchomił również „rzadką“ falę „Premium Pack“ kolekcjonerskich NFT

1.203 z 3.411 pakietów zostało sprzedanych w ciągu 90 minut od rozpoczęcia sprzedaży żetonów. Z każdym pakietem w cenie 24$ każdy, Top Shot sprzedał już prawie 300.000$ żetonów do koszykówki o wartości „chwil“.

Rok 2020 przyniósł wzrost popularności NFT, a według DappRadar, pięć największych w Ethereum targowisk NFT napędzanych przez Ethereum doprowadziło w październiku do wzrostu dziennego wolumenu o ponad 1 milion dolarów.

Od tego czasu sprzedaż NFT spadła, przy czym pięć największych rynków napędzanych przez NFT napędzanych przez Ethereum napędziło dziennie 263.000 dolarów w handlu.

Bitcoin sale con Trump Stimulus Push

Bitcoin è di nuovo in correlazione con i mercati tradizionali

  • L’interesse per Bitcoin e Crypto dovrebbe aumentare con un pacchetto di stimoli più ampio
  • L’aumento di Bitcoin dopo i segnali positivi Trump ha girato su un accordo di stimolo suggeriscono che potrebbe comportarsi come un asset correlato in risposta alle principali notizie finanziarie
  • L’offerta di stimoli di Trump potrebbe essere maggiore del pacchetto di 2,2tr dollari di Nancy Pelosi

Bitcoin, che riflette i mercati tradizionali, è riuscito a tirarsi fuori da una spirale discendente la scorsa settimana dopo la notizia che il presidente Trump cerca di far passare un pesante pacchetto di stimoli. C’è un’offerta finita di Bitcoin Freedom contro un’ipotetica quantità infinita di dollari fisici. Questa combinazione di svilimento fiat e stimolo monetario è l’ideale per far prosperare la Bitcoin e fa prevedere agli investitori una seria crescita.

Come già riferito in precedenza, i guadagni sul mercato sono stati visti quando i colloqui sugli stimoli sono stati positivi per l’ultima volta. L’attuale Payroll Support Program termina questo mese, aggiungendovi l’urgenza di discutere un nuovo pacchetto di misure. Il crescente ottimismo intorno ai colloqui di stimolo, riferito sia dal Presidente che da Mark Meadows, capo dello staff, suggerisce che un compromesso potrebbe essere raggiunto in tempo utile. Parlando con la CNBC, Meadows ha ammesso che le discussioni sono state positive.

„Sono probabilmente più ottimista sul potenziale di un accordo nelle ultime 72 ore di quanto non lo sia stato negli ultimi 72 giorni“.

Mark Meadows, CNBC

Solo due settimane fa, Bitcoin è sceso di 200 dollari dopo che Trump ha twittato che la proposta di Pelosi era oltraggiosa, e non ci sarebbero stati colloqui per un accordo di stimolo fino a dopo le elezioni presidenziali.

Tuttavia, ora ci sono indicazioni che Trump sta spingendo per un accordo di stimolo maggiore di quello proposto dalla Presidente della Camera, Nancy Pelosi. Come ha sottolineato Bloomberg all’inizio della settimana, Steve Mnuchin, Segretario del Tesoro, ha riferito che il Presidente Trump farà personalmente pressione per il suo pacchetto di stimoli per persuadere i Repubblicani riluttanti al Senato. Jay Powell, presidente della Federal Reserve, era fiducioso:

„Sembra esserci un appetito da parte di tutti gli attori interessati a fare qualcosa, la domanda è quanto e quando“.

-Jay Powell, presidente della Federal Reserve

Un affare da 1,8 milioni di dollari è già sul tavolo dell’amministrazione. Superare la proposta di risposta al virus da 2,2 trili di dollari di Pelosi sarebbe una seria sfida politica per il Presidente, ma un aumento del pacchetto attuale potrebbe aumentare i guadagni di Bitcoin.

Groups of Bitcoin whales indicate the critical levels that BTC must maintain to recover

The whale groups show three critical levels of support that Bitcoin must defend to achieve greater recovery in the short term.

The Bitcoin Whale Groups (BTC) are pointing to three critical price levels to maintain a bullish market structure in the short term.

These groups are formed when large investors buy Bitcoin and do not move it, making it an unspent transaction. They usually indicate where crucial support levels exist, and the logic is that BTC needs to maintain this level to see a prolonged rally.

According to Whalemap data, the three major support levels marked by the whales are $10,407, $10,570 and $10,667.

Whale movements could signal the start of a bullish Bitcoin trend

Whales, or individual investors who own large amounts of Bitcoin, often seek significant liquidity to buy or sell. This is because they deal with substantial buy or sell orders and manage this need by targeting very liquid price points.

Whale accumulation often occurs when weak hands capitulate and a retail liquidation amidst a peak of market fears usually coincides with whale purchases because there are large volumes of sales to absorb.

In the last five days, there were many reasons and unexpected events that could have pushed retail investors to sell.

On October 1st, the US Futures and Commodities Trading Commission (CFTC) accused BitMEX of violating the Bank Secrecy Act. Almost immediately thereafter, BTC collapsed by 4.1%.

Then on October 2, US President Donald Trump tested positive for COVID-19. The president’s unexpected contraction of COVID-19 temporarily shook the financial markets and added some selling pressure on Bitcoin.

The two events caused fears in the crypto market to intensify and the price of Bitcoin fell from $10,900 to $10,500.

Over the next few days, the price recovered to $10,670 and this new resistance was matched by the whale groups that formed on October 2.

Two technical factors could further boost the BTC rise

In addition to whale activity, there are two technical catalysts that could boost sentiment around BTC.

First, Bitcoin’s futures funding rate on the major exchanges is negative or neutral. When a funding rate is low, it means that most traders on futures exchanges are betting against BTC.

A prolonged period of negative rates increases the likelihood of a small contraction, which could cause BTC to rise. A trader known as „Byzantine General“ said:

„We are approaching Monday and the funding has become more negative. Especially Binance where most of the fish are.

In addition, since the CFTC charge against Bitcoin, market data provider Glassnode reports that investors took out 45,000 BTCs from BitMEX. The holdings were mainly moved to Gemini and Binance, two of the major cryptomoney exchanges.

Many industry experts predicted regulatory action against BitMEX, and the resulting Bitcoin exit is not very surprising.

It could be argued that the exit of BitMEX funds to two more reliable exchanges could benefit overall market sentiment. Particularly since Gemini is considered to be one of the strongest exchanges in the field of crypto-currency in terms of regulatory compliance.