GM! Here is everything you need to know about the Bitcoin and cryptocurrency industry to start your Tuesday.
🔵 The price of bitcoin remains trapped in a sideways range for three months. Several analysts suggest that a "bullish triangle" could be forming, although there is also a possibility, albeit a smaller one, of a break to the downside.
🔵 Investment in bitcoin via ETF marks a 3-week record. These investment funds have had positive capital flow for 5 days, and yesterday they raised 130 million dollars.
🔵 United States federal judge rules that tokens are not securities. As part of the Securities and Exchange Commission's (SEC) lawsuit against Binance, Judge Amy Berman also rejected the SEC's argument that the BUSD stablecoin, issued by Binance, represented an investment contract.
At this time, high priority fees in Bitcoin reach 8 sats/vB (around USD 0.70), while in Ethereum the highest priority fee is 7 gwei (USD 0.43).