India banned crypto exchanges that didn’t comply with FIU guidelines, but market experts point to a lack of regulatory clarity and high taxation, forcing crypto traders to rush to foreign exchanges.
A few users on X believe the movement of funds indicates a supply shock prior to the halving, while others pointed out that whales are just moving funds to OTC desks or other custodians.
Crypto skeptic Elizabeth Warren suggested interest groups could “spend any amount of money needed” to attempt to stop her and Representative Katie Porter’s Senate runs.
A $100,000 target for Bitcoin isn't off the table for 2024 — but it could be a slow and steady rise rather than the quick one you might be anticipating.