Bitcoin News Official Today TheBitTimes.com

Circle is set to focus its expansion efforts on the Asian market , particularly monitoring regulatory developments in Hong Kong. Cryptocurrency company Circle, known for introducing the stablecoin USDC, has unveiled plans to penetrate deeper into the Asian market, particularly focusing on Hong Kong. This was revealed by CEO Jeremey Allaire during a Bloomberg Television interview at the World Economic Forum, located in Tianjin, China. Allaire emphasized the strategic importance of Hong Kong in the landscape of digital currencies. Given the fresh set of regulations implemented on crypto exchanges starting June 1, the city appears to be a hotspot for crypto businesses. .@jerallaire (@circle), one of the co-chairs of this year's #amnc23, highlights the importance of the meeting in 'taking the world forward through this critical time'. Watch the full session here: https://t.co/YGkHIOSdgH pic.twitter.com/XS1CYHzrN2 — World Economic Forum (@wef) June 27, 2023 Historic...

BTC’s correction to $22,750 followed negative remarks from financial regulators, but key Bitcoin price metrics show bulls remain optimistic. Bitcoin (BTC) price broke above $25,000 on Feb. 21, accruing a 53% year-to-date gain at the time, it made sense to expect the rally to continue after U.S. retail sales data from the previous week vastly surpassed the market consensus. This fuelled investors' hope for a soft landing and the possible aversion of a recession in the U.S. economy.  The apex of the U.S. Federal Reserve’s strategy success would be increasing interest rates and scaling back its $9 trillion balance sheet reduction without significatively damaging the economy. If that miracle happens, the outcome would benefit risk assets, including stocks, commodities and Bitcoin. Unfortunately, the cryptocurrency markets took a hit after the $25,200 level was rejected and Bitcoin price plunged 10% between Feb. 21 and Feb. 24. Regulatory pressure, mainly from the U.S., partially expla...