Crypto Rebound: Bernstein Sees Mean Reversion Rally, But Caution Advised

• Bernstein reported that the recent gains in the crypto market are likely a “mean reversion” rally, suggesting that asset prices tend to revert to their long-term mean or average level. • Bernstein advises caution about being bearish at current levels, noting that Bitcoin in its entire history has never had two consecutive years of […]

GOP Sets Up Subcommittee to Regulate Crypto & Fintech Industry

• House Republicans are setting up a new subcommittee on digital assets, financial technology and inclusion, chaired by Rep. French Hill (R-Ark). • The goal of the committee is to provide clear rules for federal regulators and create policies that allow financial technology to reach underserved communities. • The vice chair of the subcommittee will […]

Cryptocurrency Predictions: From a 1,400% Rally to a 70% Plunge

Bullet Points: • Price volatility of cryptocurrencies is an issue investors have had to contend with over the past 14 months. • Cryptocurrency predictions range from a 1,400% rally by the end of 2023 to a 70% plunge. • Tim Draper predicts a $250,000 price for the end of 2023, while Stan Chartered predicts $5,000. […]

Investors Beware: Court Rules Celsius Crypto Deposits Lost in Bankruptcy

• A U.S. Bankruptcy Judge ruled that customers who had interest-bearing accounts on the crypto lending platform Celsius Network had turned over control of their assets to the bankrupt crypto lender. • This means that the deposits are part of Celsius’ bankruptcy estate and customers will not be able to recoup their deposits. • Celsius […]