October 10 BTCUSD BingX Chart Analysis and Today's Headline
BingX’s Bitcoin Chart
Bitcoin is up 0.44% over the last 24 hours and rose to an intraday high of $19,558.82. The largest cryptocurrency was mainly trading around the $19,500 price level during the weekend, suggesting a balance between supply and demand. The latest U.S. Consumer Price Index will be released on Thursday, which is widely expected to arrive at 8.1%, slightly lower than last month's 8.3% but hardly enough to change the Fed's monetary policy. If the inflation is higher than expected, the risky asset class could experience another sell-off this week.
Today’s Cryptocurrency Headline
FSB to Propose Crypto Regulations Next Week
The Financial Stability Board (FSB), a global regulator, will develop plans to regulate the cryptocurrency market in the middle of next week. The FSB sets out its crypto agenda in July and is expected to present a consultation report to G20 finance ministers ahead of a meeting next Wednesday and Thursday in Washington. The Financial Stability Board will revisit its existing norms on stablecoins, which were first published in October 2020. The FSB will also submit another draft report for “promoting international consistency of regulatory and supervisory approaches to other crypto-assets and crypto-asset markets”.
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.
Bitcoin is up 0.44% over the last 24 hours and rose to an intraday high of $19,558.82. The largest cryptocurrency was mainly trading around the $19,500 price level during the weekend, suggesting a balance between supply and demand. The latest U.S. Consumer Price Index will be released on Thursday, which is widely expected to arrive at 8.1%, slightly lower than last month's 8.3% but hardly enough to change the Fed's monetary policy. If the inflation is higher than expected, the risky asset class could experience another sell-off this week.
Today’s Cryptocurrency Headline
FSB to Propose Crypto Regulations Next Week
The Financial Stability Board (FSB), a global regulator, will develop plans to regulate the cryptocurrency market in the middle of next week. The FSB sets out its crypto agenda in July and is expected to present a consultation report to G20 finance ministers ahead of a meeting next Wednesday and Thursday in Washington. The Financial Stability Board will revisit its existing norms on stablecoins, which were first published in October 2020. The FSB will also submit another draft report for “promoting international consistency of regulatory and supervisory approaches to other crypto-assets and crypto-asset markets”.
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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