Bitcoin’s Bullish Ballet & Ripple’s Regulatory Rumba
GM, crypto fam☕️
It’s time to rise, grind and dive into today’s news and trends. HODL your coffee cups and DUMP that sleepiness, and let’s get started!
Coming up today: Bitcoin’s Bullish Ballet & Ripple’s Regulatory Rumba
Bitcoin’s Bullish Ballet: A Graceful Leap Above $30,000
Crypto’s prime prodigy, Bitcoin, has gracefully pirouetted above the $30,000 mark.
This move, my friends, is far more than a mere dance around a psychological level.
It’s a sonorous symphony that’s turned the momentum bullish on monthly charts, a melody unheard since August 2021.
So, what’s the rhythm here? Bitcoin has managed to pirouette its way past a dynamic technical resistance that had been playing the role of a pesky villain, halting our protagonist’s ascension for months.
With the villain out of the way, our star Bitcoin could soar high, stealing the limelight. But the dance doesn’t end here.
The more than 6% uptick in Bitcoin’s price has birthed a potential bullish crossover on the LMACD.
The first green tick on the LMACD since it turned red last August — this could be a showstopper!
Bitcoin is not just tapping around the $30,000 resistance; it’s also swaying at the monthly Bollinger Band basis line.
If BTC stays above the monthly “mid-BB,” the next spectacular move could be towards the upper Bollinger Band, situated above $50,000 per BTC.
Are we headed towards a grand spectacle, or is there a twist in the tale? Stay tuned
Ripple’s Regulatory Rumba: The Singapore Soiree
From the flamboyant world of Bitcoin, let’s now fox trot our way to Ripple, the global blockchain payments maestro.
The Monetary Authority of Singapore (MAS) is grooving to its rhythm, earning In-Principle Approval for its Major Payments Institution License application.
Talk about calling the tune!
What’s the gist? This move places Ripple’s Singapore arm, Ripple Markets APAC Pte Ltd, on the high table, allowing it to offer regulated digital token services in the ever-evolving Singaporean landscape.
And guess what? With its progressive regulatory environment, Singapore is more than ready to join the dance.
The party’s just getting started! With Ripple doubling its workforce in Singapore and substantial growth in APAC, cross-border payments could now groove to a new rhythm.
The big picture: Ripple’s in-principle approval by MAS showcases Singapore’s supportive regulatory stance and strengthens Ripple’s APAC presence.
It’s a perfectly choreographed dance towards a more inclusive and borderless financial system.
Crypto Quicksteps
- New Crypto Act on the Block: U.S. House committee all set to vote on crypto, stablecoin legislation this July
- Binance.US Fights Back: Accuses SEC of misleading information in lawsuit
- Billionaire Battle Royale: Mark Zuckerberg challenges Elon Musk to a cage match
Grand Finale
“Price is what you pay. Value is what you get.” — Warren Buffett
And that’s all for today’s edition of Goat News!
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GOAT out ✌️
