• News
    • Stocks
    • Banks and Finance
    • Companies
    • Crypto
    • Forex
  • Videos
  • Articles
    • Forex CRM
    • Crypto Payments
    • Copy Trading
    • Crypto Exchange Business
    • Forex Business
    • Fintech
    • Liquidity
  • Liquidity Providers List
  • Crypto Payment Providers

Dark Theme

Bitcoin Is Back Over $50,000. Cryptos Continue to Climb a Wall of Worry

Oct 5, 2021

Bitcoin Is Back Over $50,000. Cryptos Continue to Climb a Wall of Worry

Despite rising market and regulatory concerns, Bitcoin and other cryptos are on the rise.

For the first time in a month, Bitcoin has risen beyond $50,000, gaining 4%. It's an indication that cryptocurrencies are defying increasing pressures in other financial markets, even as regulatory threats to crypto grow.

For days, cryptocurrencies have been strong: Ethereum, the second-largest token, was trading about $3,440 on Tuesday, up 20% in the previous week. Binance Coin, XRP, Solana, and Dogecoin are among the other notable tokens on the rise, with the latter rising by 9% in the previous 24 hours to $0.2501.

The crypto rally has withstood a period of global equities and bond market weakness. Before Tuesday's trading, the S&P 500 index had dropped 5% in the previous month, while the tech-heavy Nasdaq Composite Index had dropped 7.1 percent.

The 10-year Treasury yield has been holding at 1.5 percent, up from 1.3 percent two weeks ago. (The yields on bonds and the prices on bonds move in opposing directions.)

The sell-off in stocks and bonds might be a reflection of a bleaker economic picture and approaching political dangers. Rising interest rates are putting pressure on tech and other high-growth industries, lowering the present value of future cash flows.

The fight in Washington over increasing the United States' debt ceiling is also dragging on, creating fears of a financial catastrophe if the US defaults. Meanwhile, House Democrats have postponed a vote on the infrastructure measure that was passed by the Senate in August. And their massive $3.5 trillion budget proposal is facing opposition in both the House and Senate.

Both in the United States and internationally, the crypto markets are under increased regulatory constraints. Under the leadership of Gary Gensler, the Securities and Exchange Commission is attempting to regulate some cryptos and decentralized exchanges, and has cautioned businesses like Coinbase Global (ticker: COIN) against launching crypto-lending products.

Stablecoins—cryptos with a fixed $1 value—are also attracting greater attention. The Treasury Department is anticipated to release a significant regulatory study on stablecoins soon.

The business that backs the USDC stablecoin, Circle, may be in danger. The SEC sent an "investigative subpoena" in July, demanding "documents and information on certain of our assets, customer programs, and activities," according to the firm. Circle stated that it is fully cooperating with the probe.

Circle has to clear things up with the SEC, in part because it plans to go public in the fourth quarter through a $4.5 billion merger with special-purpose acquisition firm Concord Acquisition Corp (CND). The USDC stablecoin, also known as USD Coin, has a market valuation of more than $32 billion, making it the second-largest stablecoin behind Tether, which has a market cap of $68 billion. Circle claims that their coin has been used in over $785 billion worth of cryptocurrency transactions.

Meanwhile, Wall Street is becoming increasingly keen to cover crypto and profit from it. Bank of America said on Monday that it will begin researching digital assets, stating in a study that cryptos are still in their "first inning."

In a statement, Candace Browning, head of BofA Global Research, stated, "Digital assets are changing the way markets, businesses, and central banks function."

One of the major concerns in crypto is whether authorities will allow the transition to continue. For the time being, the markets believe it will be manageable.

Subscribe Our Newsletter

Crypto Is ‘Top Contender’ for Correction, Money Managers Say

Crypto Is ‘Top Contender’ for Correction, Money Managers Say

Cryptocurrencies were eventually accepted by institutions in 2021, according to several estimates. The asset class, according to those same money managers, is due for a huge selloff next year.

Crypto
Holiday-Shortened Week, Inflation Data: What To Know This Week

Holiday-Shortened Week, Inflation Data: What To Know This Week

Due to the holiday falling on a Saturday this year, equity markets will be closed all day on Friday in observance of Christmas. The US market will likewise close earlier on Thursday, at 2 p.m. ET, and will be closed fully on Friday.

Banks and Finance
Liquidity Provider

Liquidity Risk
Let's find out what is the notion of liquidity risk, why should a trader get his orders executed instantly, and how to find and pick a reliable LP.

discover
How to Accept Crypto Payments as a Business

Oliver

Oliver

How to Accept Crypto Payments as a Business

During COVID-19 pandemic, global cryptocurrency usage reached an astonishing half a billion users. Due to this fact, many businesses, entrepreneurs, and even major institutions have begun to explore how to accept cryptocurrency payments.

Crypto Payments

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries b2broker

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Oliver

    How to Integrate Crypto Payment Gateway to Your Business?

    https://liquidity-provider.com/app/uploads/2022/07/how-to-integrate-crypto-payment-gateway-to-your-business-300x203.png

    Oliver

    How to Accept Crypto Payments as a Business

    https://liquidity-provider.com/app/uploads/2022/06/oblozhka-300x203.png

    Oliver

    What is a Crypto Payment Gateway?

    https://liquidity-provider.com/app/uploads/2022/06/shapka1-1-300x203.png

    Liquidity Provider

    Why Do Brokers Need PAMM Accounts?

    https://liquidity-provider.com/app/uploads/2022/05/why-do-brokers-need-pamm-accounts-300x203.png

    Regi Publico

    The Importance of Liquidity in Financial Planning

    https://liquidity-provider.com/app/uploads/2022/04/untitled-design-2-300x203.png

    Liquidity Provider

    What Are the Advantages of Paying with Bitcoin?

    https://liquidity-provider.com/app/uploads/2022/04/dizajn-bez-nazvaniya-3-1-300x203.png

    Liquidity Provider

    How to Promote PAMM/MAM & Copy Trading Service as a Broker

    https://liquidity-provider.com/app/uploads/2022/04/untitled-design-300x203.png

    Liquidity Provider

    How Do Crypto Payments Work?

    https://liquidity-provider.com/app/uploads/2022/03/untitled-design-10-300x203.png

    Liquidity Provider

    Top 6 Forex License Providers

    https://liquidity-provider.com/app/uploads/2022/03/frame-59318-300x203.png

    Liquidity Provider

    How to Get a FOREX License

    https://liquidity-provider.com/app/uploads/2022/03/untitled-design-1-300x203.png

    Liquidity Provider

    Top 5 Forex CRM Solutions for 2022

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-3-300x203.png

    Liquidity Provider

    5 FinTech Trends for 2022

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-2-300x203.png

    Liquidity Provider

    5 Tips for FinTech Startups

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-1-300x203.png

    Liquidity Provider

    What is NFT?

    https://liquidity-provider.com/app/uploads/2022/02/untitled-design-300x203.png

    Liquidity Provider

    What is Initial DEX Offering (IDO)?

    https://liquidity-provider.com/app/uploads/2022/01/untitled-design-1-1-300x203.png

    Liquidity Provider

    How Liquidity Provider Tokens Work

    https://liquidity-provider.com/app/uploads/2022/01/frame-59320-2-300x203.png

    Liquidity Provider

    How Does the Cryptocurrency Exchange Business Work?

    https://liquidity-provider.com/app/uploads/2021/12/frame-59315-300x203.png

    Liquidity Provider

    How Does The Forex Brokerage Business Work

    https://liquidity-provider.com/app/uploads/2021/12/frame-59303-3-300x203.png

    Liquidity Provider

    Top 10 White Label Exchange Solutions in 2022

    https://liquidity-provider.com/app/uploads/2021/12/frame-611012-300x203.png

    Liquidity Provider

    What is Liquidity Mining?

    https://liquidity-provider.com/app/uploads/2021/12/untitled-design-4-300x203.png

    Liquidity Provider

    What is Yield Farming?

    https://liquidity-provider.com/app/uploads/2021/12/untitled-design-300x203.png

    Liquidity Provider

    What is the Difference Between Centralized and Decentralized Exchange?

    https://liquidity-provider.com/app/uploads/2021/11/untitled-design-17-300x203.png

    Liquidity Provider

    What You Should Know About Energy Liquidity?

    https://liquidity-provider.com/app/uploads/2021/11/frame-59309-4-300x203.png

    Liquidity Provider

    What is Prime of Prime Liquidity?

    https://liquidity-provider.com/app/uploads/2021/11/frame-59319-3-300x203.png
    • News
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
    • Articles
      • Forex CRM
      • Crypto Payments
      • Copy Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
    [email protected]

    © 2022 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy