Bitcoin Price Drops to $93k: Long-Term Holders Taking Profits
Bitcoin Ton is bringing Bitcoin liquidity to Telegram with a new trustless cross-chain bridge, making it easier for users to access and trade Bitcoin directly on the messaging platform. This development opens up more opportunities for people to engage with Bitcoin and adds convenience to the user experience.
In other news, Ethereum co-founder was reported moving $72 million in ETH to Kraken, showing continued activity and interest in the crypto space. Meanwhile, stablecoin RLUSD is expected to launch on December 4th with NYDFS approval, highlighting the growing acceptance and integration of stablecoins in the market.
Looking ahead, Bloomberg analyst predicts that altcoin ETFs could ignite a ‘wild’ crypto market in 2025, potentially leading to increased market activity and investments in the space. On the regulatory front, Brazil is considering prohibiting stablecoin withdrawals to self-custody wallets, indicating ongoing efforts to regulate and monitor the use of stablecoins.
Overall, these developments underscore the dynamic and ever-evolving nature of the cryptocurrency and blockchain space, with new innovations and regulations shaping the future of digital finance. Stay tuned for more updates on the latest in finance and securities news.
