Friday, June 13, 2025
  • About us
  • Economic Calendar
  • Price Predictions
  • Coins Alerts
  • Crypto Portfolio Tracker
  • Exclusively from Our Partners
Cryptheory
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
        • Binance Futures Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions
No Result
View All Result
Cryptheory
No Result
View All Result

Crypto News of the Day (13.3.)|Brandt: Bitcoin could go under $ 1,000 • Snowden: Panic, good opportunity to buy • and other news

by cryptheory
February 5, 2023
in Crypto News of the Day, News
Reading Time: 9 mins read

Table of Contents

  • Markets
  • Cryptocurrency
  • Cryptocurrency exchanges, Banks
  • Regulations, State digital currencies
  • Edward Snowden: Bitcoin’s downfall is due to panic, it’s a good opportunity to buy
  • Peter Brandt: Bitcoin could fall below $ 1,000
  • Huobi and Bithumb back online after yesterday’s congestion
  • OKEx outperformed BitMex in terms of bitcoin futures
  • US cryptocurrency law violates financial privacy by tracking transactions
  • Central Bank of Great Britain presented the CBDC study
  • New York regulators require cryptofirms to submit coronavirus plans
  • Hungary will isolate billions of cash for two weeks
Crypto News of the Day (13.3.)|Brandt: Bitcoin could go under $ 1,000 • Snowden: Panic, good opportunity to buy • and other news

Here you can find an overview of the most important events that took place during the last day in the cryptoworld.

Markets

 

Crypto markets lost almost 100 billion USD in a few days. Yesterday’s bloodbath continued with further falls this morning, Bitcoin plummeted by as much as 40% to the 2013 level. So far, however, it is premature to judge how the situation will develop the next days. Even leading analysts and personalities from the cryptocommunity now disagree on estimates of future developments.

 

You can monitor the current cryptocurrency prices – here.

 ___

Cryptocurrency

  • Edward Snowden: Bitcoin’s downfall is due to panic, it’s a good opportunity to buy
  • Peter Brandt: Bitcoin could fall below $ 1,000

 

___

Cryptocurrency exchanges, Banks

  • Huobi and Bithumb back online after yesterday’s congestion
  • OKEx outperformed BitMex in terms of bitcoin futures

 

___

Regulations, State digital currencies

  • US cryptocurrency law violates financial privacy by tracking transactions
  • Central Bank of Great Britain presented the CBDC study
  • New York regulators require cryptofirms to submit coronavirus plans
  • Hungary will isolate billions of cash for two weeks

 

___

Edward Snowden: Bitcoin’s downfall is due to panic, it’s a good opportunity to buy

 

Cryptocommunity experienced one of the worst trading days ever. The market capitulated because some losses exceeded 50% in a single day. Bitcoin dropped from a daily high of $ 8,000 to just $ 3,700 on the Bitstamp, while at BitMEX, coins on various exchanges even touched below $ 3,600. Cryptocommunity members are constantly speculating about the possible reasons for this fall. Edward Snowden believes that there is no reasonable reason for the collapse and is more of a panic. Therefore, after a long time would buy BTC and take advantage of the opportunity.

 

This is the first time in a while I’ve felt like buying bitcoin. That drop was too much panic and too little reason.

— Edward Snowden (@Snowden) March 13, 2020

 

Peter Brandt: Bitcoin could fall below $ 1,000

 

Crypto markets analyst veteran Peter Brandt believes Bitcoin could fall even further. Peter Brandt is known for correctly predicting the market crash earlier – he wrote an answer on Twitter today that no one probably wanted to hear. In response to a query for a new low in BTC due to coronavirus, Brandt wrote that looking at the bitcoin graph “without bias”, the new bottom is potentially “below $ 1,000”.

 

If I interpret the chart without bias, I would say sub $1,000

— Peter Brandt (@PeterLBrandt) March 12, 2020

 

Huobi and Bithumb back online after yesterday’s congestion

 

Huobi and Bithumb, two of the leading exchanges in Asia’s crypto markets were both paralyzed by congestion, during the early morning crypto flash crash. Both exchanges have announced that they were overwhelmed by traffic during the crash, but are back online now, operating normally.

 

As prices began to drop, Huobi was inundated with thousands of visits to their site overwhelming their servers, causing freezing and other technical issues. Bithumb, another popular Korean exchange, also experienced similar issues affecting deposits and withdrawals of Ethereum and ERC-20 tokens on their platform. They cited similar congestion issues caused by the market crash.

 

Thanks for your patience!
All systems back to normal status. https://t.co/9o4nbIySCe

— Bithumb (@BithumbOfficial) March 12, 2020

more details

 

OKEx outperformed BitMex in terms of bitcoin futures

 

Despite the spot market is slowing down, Bitcoin’s derivatives market has been getting more attention, and the enthusiasm is quite visible in the Bitcoin futures market. Regarding the Bitcoin futures, BitMEX has been long dominated in the market, but now OKEx, another cryptocurrency giant, continues to closely follow BitMEX’s footprints and made a breakthrough in the Bitcoin futures trading volume.

 

According to SkewAnalystics, OKEx outperformed BitMEX in terms of the 24h BTC Futures volumes, leading the Futures volume by reporting 15.95 billion, followed by BitMEX at 12.55 billion. Not only retail investors, but the flow of institutional capital is also tremendous in the market, which requires the crypto asset exchanges to have a professional and robust level of infrastructure to support the trading demands of the institutions, especially during the extreme market. More details.

 

US cryptocurrency law violates financial privacy by tracking transactions

 

Regulators need to categorize cryptocurrencies is in order to apply legislation to the different areas within the digital asset realm. This not only helps set up a legal framework, but it also dispels any ambiguity around the operation and usage of such assets within the USA. However, while clarity and legitimization through such an act would be highly prized, there appears to be sacrifices stipulated by the act — especially in regards to financial privacy.

 

Under section six of the act, it has been outlined that: “The Secretary of the Treasury, notwithstanding section 3(c), acting through the Financial Crimes Enforcement Network, shall issue rules to require crypto-currency (including synthetic Stablecoins) to allow for the tracing of transactions.”

 

Beware of the “Crypto-Currency Act of 2020” or any kind of legislation which may force businesses to spy on, deanonymize, or micro-monitor customers.

This is an attack on financial privacy, which we will desperately need in the future to safeguard democratic rights and freedoms. pic.twitter.com/B9lDM8lxE4

— Alex Gladstein (@gladstein) March 10, 2020

more details

 

Central Bank of Great Britain presented the CBDC study

 

The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could be destabilizing for the current banking system. However, a digital currency could utilize the latest FinTech and make transactions easier and faster for consumers.

 

The Bank has just released a 57-page report examining how CBDCs could be introduced to existing markets, performing as both a store of value and used in everyday transactions. More details.

 

New York regulators require cryptofirms to submit coronavirus plans

 

New York City’s mayor Bill de Blasio declared a state of emergency in response to the coronavirus outbreak yesterday. “The only analogy is war,” he said — and the consequences for the crypto industry, as for all others, are sobering. Even ahead of de Blasio’s action, the New York Department of Financial Services (NYDFS) sent a letter to all regulated institutions engaged in crypto-related activities on March 10, asking them to submit detailed “preparedness plans” to address the historic risk:

 

“COVID-19 has already had adverse economic effects domestically and globally. It is critical that each regulated entity establish plans to address how it will manage the effects of the outbreak and assess disruptions and other risks to its services and operations.” More details.

 

Hungary will isolate billions of cash for two weeks

 

Hungary’s central bank, the Hungarian National Bank, has taken the precautionary measure of quarantining and cleaning its cash, following the declaration of a state of emergency. The country’s authorities have already banned inbound travel and public gatherings. The Government will take billions in cash aside and store them in containers for two weeks, the survival period of the virus. More details.

 

[coinlib-widget type=3 prefcoinid=1505 dark=0]

 

[coinlib-widget type=0 coinid=859 prefcoinid=1505 width=400 dark=0]

  • Author
  • Recent Posts
cryptheory
cryptheory
Core team behind Cryptheory Labs and website Cryptheory.org.
cryptheory
Latest posts by cryptheory (see all)
  • Why Online Advertisers Should Request Website Traffic Data from Google Analytics Instead of Using SEO Tools Like MOZ or Ahrefs? - March 24, 2025
  • North Carolina’s Bold Move: State Bill Proposes Investing 10% of Public Funds in Bitcoin - March 22, 2025
  • Justin Sun Stakes $100 Million in Ethereum on Lido – What Does It Mean for the Market? - March 19, 2025
Tags: Bankscrypto exchangesNewsRegulations
Previous Post

It’s Friday the 13th – Markets are collapsing, stocks low at 2019

Next Post

Bitcoin is likely to drop below 5K USD: says analyst Tone Vays

Related Posts

NFT platform OpenSea penetrates deeper into the crypto world – with its own coin
News

NFT platform OpenSea penetrates deeper into the crypto world – with its own coin

February 14, 2025
Inflation in the Eurozone rises unexpectedly, ECB remains cautious with interest rate cuts
News

Inflation in the Eurozone rises unexpectedly, ECB remains cautious with interest rate cuts

February 4, 2025
ECB cuts interest rates for the fifth time in a row, further cuts uncertain
News

ECB cuts interest rates for the fifth time in a row, further cuts uncertain

January 31, 2025
Russia and Iran are working on an alternative to SWIFT: A new financial order in the making?
News

Russia and Iran are working on an alternative to SWIFT: A new financial order in the making?

January 20, 2025
The Federal Reserve is considering several interest rate cuts in 2025
News

FED is considering several interest rate cuts in 2025

January 17, 2025
Inflation in the Eurozone rises to 2.4%, ECB continues to focus on interest rate cuts
Cryptheory News

Inflation in the Eurozone rises to 2.4%, ECB continues to focus on interest rate cuts

January 9, 2025
Trillionaire Fund: We expect several countries to adopt Bitcoin
Cryptheory News

Trillionaire Fund: We expect several countries to adopt Bitcoin

January 2, 2025
Trump promises to release Silk Road black market founder
News

Trump promises to release Silk Road black market founder

October 7, 2024
CCData report: The Fed’s rate cut will cut $625 million in interest income from stablecoins
Cryptheory News

CCData report: The Fed’s rate cut will cut $625 million in interest income from stablecoins

September 30, 2024
Please login to join discussion
Track all markets on TradingView
Score: 0
Game Over

Popular

June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let's F***ing See.

June 15th: The Altcoin Apocalypse or Your Ticket to a Lambo? Let’s F***ing See.

June 11, 2025
Analysis & Trading Tips June 10, 2025: Dogecoin Is Barking Again

Analysis & Trading Tips June 10, 2025: Dogecoin Is Barking Again

June 10, 2025
Dogecoin's Wild Ride: A Charts-and-Giggles Exposé on Who Really Got Rekt (It Was Probably You)

Dogecoin’s Wild Ride: A Charts-and-Giggles Exposé on Who Really Got Rekt (It Was Probably You)

June 6, 2025
Crypto Trading Tips for June 5, 2025: Navigating the Binance Spot Market

Crypto Trading Tips for June 5, 2025: Navigating the Binance Spot Market

June 5, 2025
Trading tips for May 14, 2025

Trading tips for May 14, 2025

May 14, 2025
Ethereum Is Just a Pricier Solana – Let the Maxis Rage All They Want

Ethereum Is Just a Pricier Solana – Let the Maxis Rage All They Want

May 14, 2025
Bitcoin Price Analysis & Trading Tips – June 9, 2025

Bitcoin Price Analysis & Trading Tips – June 9, 2025

June 9, 2025
Spot Market Flexes and Derivatives Cry in the Corner: How Does It Look On-Chain?

Spot Market Flexes and Derivatives Cry in the Corner: How Does It Look On-Chain?

May 15, 2025
How to Trade Meme Coins in 2025: A No-BS Guide for Degens and Smart Investors Alike

How to Trade Meme Coins in 2025: A No-BS Guide for Degens and Smart Investors Alike

June 9, 2025
Staking: Is it Just a Fancy Ponzi Scheme? Let's Get Real.

Staking: Is it Just a Fancy Ponzi Scheme? Let’s Get Real.

June 11, 2025

⭐ What Type of Crypto Investor Are You? (v2)

1. How do you DYOR (Do Your Own Research)?

2. Your first reaction to a 10x pump?

3. What’s your opinion on memecoins?

4. Where do you stake your crypto?

5. What’s your exit strategy?

6. How do you pick your next investment?

7. Favorite kind of airdrop?

8. What’s your approach to NFTs?

9. How do you store your crypto?

10. What's your long-term crypto goal?

Crypto News

Bitcoin

Ethereum

Altcoins

Cryptocurrency

Platforms for Copy Trading

Platforms for Grid Trading

Glossary of trading and crypto terms

Crypto Portfolio Tracker

 

Cryptheory Labs Projects

Guest Post for Free

On our website, you can share your opinions and insights. This feature is reserved for non-promotional articles. We are already working on a system for donations and rewarding every author.

This website is here for those of you who want to be at the forefront of innovation and new technologies like Bitcoin. But first, we need to tackle the challenges and survive in the unforgiving world of crypto assets. THIS IS CRYPTHEORY!

Follow Us

  • Terms Of Use
  • Privacy Policy
  • About us
  • Contact us

© 2024 Cryptheory - F**k the forex, we want gains!

Shiba Inu loading
No Result
View All Result
  • Cryptocurrency List
  • Cryptocurrency
    • Cryptocurrency Exchanges
      • Top exchanges for trading Bitcoin derivatives
      • How to buy bitcoin without KYC
      • How to Trade Bitcoin – best platforms
      • Best platforms to buy Bitcoin by debit or credit card
      • Platforms for Grid Trading
      • BYDFi: Review and Guide
      • BingX: Review and Guide
      • Kraken: Review and Guide
      • Bybit: Review and Guide
      • Bitpanda: Review and Guide
      • Phemex: Review and Guide
      • Huobi: Quick Guide
      • Binance: Review and Guide
    • Bitcoin
    • Tether
    • XRP
    • Dogecoin
    • Avalanche
    • Stellar
    • The Open Network
  • crypto news
  • Crypto Exchanges Info
  • Analysis
  • Attractions

© 2024 Cryptheory - F**k the forex, we want gains!

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.