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    QONEQT in Crypto News

    09-Sep-2022 07:42 AM


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    First Mover Asia: Crypto Legislation, Enforcement Highlight a Busy Fall for Financial Regulators; Bitcoin Holds Steady Over $19K

    Here’s what’s happening:

    Prices: Bitcoin held its most recent perch over $19,000, despite the latest hawkish comments from Federal Reserve officials.

    Insights: Financial regulators in Asia face a Fall season of crypto reckoning.

    Catch the latest episodes of CoinDesk TV for insightful interviews with crypto industry leaders and analysis. And sign up for First Mover, our daily newsletter putting the latest moves in crypto markets in context.

    Prices
    ●Bitcoin (BTC): $19,375 +0.8%

    ●Ether (ETH): $1,638 +0.8%

    ●S&P 500 daily close: 4,006.18 +0.7%

    ●Gold: $1,729 per troy ounce +1.2%

    ●Ten-year Treasury yield daily close: 3.29% +0.03

    By James Rubin

    Bitcoin spent a second consecutive day firmly embedded above its most recent, $19,000 support line.

    The largest cryptocurrency by market capitalization was recently trading over $19,350, nearly a percentage point higher than where it stood 24 hours ago as investors weighed the latest hawkish comments by U.S. central bank officials. With only a couple of blips, bitcoin has spent much of the past two weeks hovering over $19,000.

    Ether, the second largest crypto by market cap and token of the Ethereum blockchain, was recently changing hands above $1,600, up 0.8% from a day earlier. Ethereum's Merge, which will shift the protocol from proof-of-work to a more energy-efficient proof-of-stake protocol, and has excited investors, is roughly a week away.

    Other major altcoins spent much of the day in the green with LINK and SOL recently up more than 8% and 5%, respectively.
    Source: Coindesk
    #Crypto