December 9 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
According to Coinglass, the negative premium rate of the Grayscale Bitcoin Trust (GBTC) expanded to 47.2%, a record low. Bitcoin is up 2.11% over the last 24 hours and rose to an intraday high of $17,300.00. The largest cryptocurrency break above the 20-day EMA ($16,983) today, suggests that the bearish momentum may be weakening. Neither the bulls nor the bears are clearly in the lead based on the flattish moving averages and the RSI near the midpoint. If buyers maintain the price above the current level, the BTC/USDT pair could rise to $17,622.
Today’s Cryptocurrency Headline
SEC Requires Companies to Disclose Cryptocurrency Exposure
The U.S. Securities and Exchange Commission (SEC) requires public companies to disclose whether they have exposure to crypto assets, including whether they do business with any crypto-related companies. Firms must disclose if they have direct or indirect relations with companies that have filed for bankruptcy, experienced excessive redemptions or withdrawals of crypto assets, maintain unaccounted crypto assets of customers and experienced corporate compliance failures. In addition, companies must describe how the bankruptcies of certain firms affected their businesses and that the company must take safeguards to protect its customers' crypto assets.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
According to Coinglass, the negative premium rate of the Grayscale Bitcoin Trust (GBTC) expanded to 47.2%, a record low. Bitcoin is up 2.11% over the last 24 hours and rose to an intraday high of $17,300.00. The largest cryptocurrency break above the 20-day EMA ($16,983) today, suggests that the bearish momentum may be weakening. Neither the bulls nor the bears are clearly in the lead based on the flattish moving averages and the RSI near the midpoint. If buyers maintain the price above the current level, the BTC/USDT pair could rise to $17,622.
Today’s Cryptocurrency Headline
SEC Requires Companies to Disclose Cryptocurrency Exposure
The U.S. Securities and Exchange Commission (SEC) requires public companies to disclose whether they have exposure to crypto assets, including whether they do business with any crypto-related companies. Firms must disclose if they have direct or indirect relations with companies that have filed for bankruptcy, experienced excessive redemptions or withdrawals of crypto assets, maintain unaccounted crypto assets of customers and experienced corporate compliance failures. In addition, companies must describe how the bankruptcies of certain firms affected their businesses and that the company must take safeguards to protect its customers' crypto assets.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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