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Singapore’s Monetary Authority Finally Notices Three Arrows’ Capital AUM Discrepancy; Bitcoin Holds Above $19K in Weekend Trading

From coindesk.com

After a work week filled with discouraging news of different shapes and sizes, bitcoin waited out long holiday weekends in Canada, the U.S. and other parts of the world above its new $19,000 support line. The largest cryptocurrency by market capitalization was recently trading at about $19,200, roughly flat over the past 24 hours. Bitcoin fell below $19,000 at one point on Thursday following the U.S. Securities and Exchange's (SEC) rejection of two spot bitcoin ETFs, a reprimand for troubled crypto hedge fund Three Arrows Capital and the latest drumbeat of discouraging economic indicators, but subsequently regained ... (full story)

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  • Category: Fundamental Analysis