3 warning signs suggest the Bitcoin price rally is overextended

[ad_1] Bitcoin (BTC) faced fresh doubts over the strength of its bull run on Oct. 7 as analysts eyed a potential reversal of Wednesday’s short squeeze. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding rates in the red zone Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hovered near $54,000 after failing to establish support at the $55,000 mark. The previous day had seen an abrupt surge to highs of $55,700 for Bitcoin, which was accompanied by major buying pressure. As funding rates flip positive across exchanges, however,…

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Poland financial regulator issues public warning about Binance

[ad_1] As Binance faces scrutiny from regulators around the globe, Poland’s finance watchdog has issued a consumer warning about the cryptocurrency exchange. On Wednesday, the Polish Financial Supervision Authority (PFSA) published a statement on Binance’s growing regulatory issues around the world, stressing that the company’s operations are not regulated in Central European country.  The crypto market is “neither regulated nor subject to supervision” by the PFSA, the regulator noted, cautioning the public about the risks associated with trading on Binance given the growing pushback to the exchange from global financial regulators, stating:…

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Nigerian Regulator Issues ‘Extreme Caution’ Crypto Investments Warning – Regulation Bitcoin News

[ad_1] Nigeria’s Economic and Financial Crimes Commission (EFCC) has become the latest body to warn of risks associated with cryptocurrency investments. In a public warning, the law enforcement agency argues that investing in cryptos “is a high-risk activity as the terrain is largely unregulated and prone to fraud.” Proliferation of Scams According to a report that quotes Wilson Uwujaren, the EFCC spokesperson, the law enforcement agency is alarmed by “the rate at which Nigerians sent them petitions on fraudulent investments.” Meanwhile, the spokesperson also bemoans the fact crypto scams continue…

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$400K Bitcoin predicted this year, NFT warning, Instagram influencer in trouble

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Stock-to-flow creator doesn’t think Bitcoin’s bull market is done Bitcoin’s price seems to have stalled below $60,000 after surging to all-time highs earlier in March. But on the bright side, Friday’s $6-billion expiration of options — a record-breaking sum — didn’t deliver the slump…

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