• Bitcoin is currently trading within range of the $30,000 mark but needs a stronger push to get there.
• US government has a “substantial case on the merits” in its bid to quash a $1 billion deal by Binance.US to buy the assets of bankrupt crypto lender Voyager Digital.
• Simon Peters, an analyst at investment firm eToro believes that bitcoin will continue to test the $30K line and important labor market updates from the U.S. could influence prices in the short term.
Bitcoin Prices Within Range of $30K
Bitcoin is within range of $30,000, but will need a stronger push to get there, one analyst said. Simon Peters, an analyst at investment firm eToro wrote in a morning note that as stock markets move back toward “bull territory,” the crypto market appears to be moving in a similar direction. “While bitcoin will continue to test the $30K line, we might need a stronger push to see it higher,” he wrote. “Important labor market updates from the U.S. are inbound this week, which could influence prices in the short term.”
U.S Government Challenges Binance Deal
The U.S government has made a challenge against Binance’s attempt to purchase assets owned by bankrupt crypto lender Voyager Digital with 1 billion dollars; District Judge Jennifer Rearden said there was evidence that Binance had acquired confidential information during due diligence for its takeover bid and provided it with an unfair advantage over competitors bidding for Voyager’s assets and customers’ accounts earlier this year before its bankruptcy filing was finalized on March 24th 2021 .
Franklin Templeton Discusses Crypto-Linked Investment Products
Jenny Johnson President and CEO of Franklin Templeton will discuss developing crypto-linked investment products during these times when bear markets are present as well as her long-term view on cryptocurrency investments such as Bitcoin and Ethereum during CoinDesk’s upcoming virtual event: Invest: Asia next month on May 25 & 26th .
Analysts View On Crypto Market Movement
Analysts have different views about how this current bear market will affect crypto investments such as Bitcoin and Ethereum . While some believe that it can help stabilize prices , others believe that it may not have much effect due to their decentralized nature .
This article provides us with insight into what analysts think about cryptocurrencies such as Bitcoin and Ethereum , how they may be affected by bear markets , and what Jenny Johnson President & CEO of Franklin Templeton believes about developing crypto-linked investment products during these times . It also mentions how US government is challenging Binance’s attempt to purchase assets owned by bankrupt crypto lender Voyager Digital which could potentially influence prices in both stock markets & cryptocurrency markets alike .