U.S. Regulators Crack Down On Crypto Firms Yet Bitcoin’s Price Spiked In Just One Day

March 30, 2023

Recently, U.S. regulators have continued cracking down on crypto firms resulting in intense pressure on investors.

On Wednesday the price of Bitcoin spiked sharply in response to recent regulatory crackdowns on traditional finance and tech companies. It increased from 27K to almost 29K in one day, as seen in the chart below:

Here are a few reasons why BTC might have spiked:

1. Investors are turning to Bitcoin as a hedge against increased regulation and government intervention in financial markets. Maybe it’s a sovereign currency hedge after all?

2. Recent bank failures have driven some into cryptos as a refuge.

Despite the Q1 rally, investors remain worried about a looming recession possibility as it’s unclear how cryptos will react in that scenario..

If you found this helpful, Subscribe to The Art of the Bubble’s free newsletter.

Join us on Discord for live chat and daily updates. Find us on Twitter too.

You found this content helpful ?

1
Join our free weekly "Bubble Bulletin" for more
2
Join us on Discord for live chat and daily updates
3
Follow us on Twitter
4
Share this content using the buttons below :

Disclaimer

This piece of content is provided for educational and entertainment purposes only. Robin Technologies and Analytics LLC is the firm that distributes 1.2 Labs products. The firm does not provide individually tailored investment advice and does not take a subscriber’s or anyone’s personal circumstances into consideration when discussing investments; nor is Robin Technologies and Analytics LLC registered as an investment adviser or broker-dealer in any jurisdiction.

You should expect no financial returns one way or another based on statements contained herein. These points hold equally for any statements that could be attributed to The Art of The Bubble or any related business entities or personnel operating in association with Robin Technologies and Analytics LLC.

If you decide to buy or invest in anything, then your returns and potential losses are your own. No statements about taxation are taxable advice and you are encouraged to consult your own tax professional. You are also encouraged to do your own due diligence before investing in anything.

TAGS:

Bitcoin, cryptocurrency, Investing

January 11, 2023

USDC & USDT Take The Lead As Crypto Whales Deal With Stablecoins to Prevent Potential Losses. Here’s Our Update On Following The Whales

July 30, 2024

We Wont Bring Any Bad Luck From The Crypto Space in 2022 as 2023 Begins With A Reason To Celebrate: Happy Fourteenth Birthday Bitcoin!

November 21, 2022

U.S. Regulators Crack Down On Crypto Firms Yet Bitcoin’s Price Spiked In Just One Day

March 30, 2023

USDC & USDT Take The Lead As Crypto Whales Deal With Stablecoins to Prevent Potential Losses. Here’s Our Update On Following The Whales

Circle Internet Financial’s USDC: Navigating Valuations, Secondary Markets, and IPO Ambitions

The AOTB News Update: CryptoWhales Increase Their Shib Inu Stash Overnight

Binance Investigates A Hack That Affected Multiple Tokens: The Damage Is Said To Be 5 Million U.S. Dollars Worth of BNB

Floki Boosted by Major Investment and New Product Launches

Ethereum Post-Merge: What Does The Future Look Like?

We Wont Bring Any Bad Luck From The Crypto Space in 2022 as 2023 Begins With A Reason To Celebrate: Happy Fourteenth Birthday Bitcoin!

Other Strategies Plummet Into Negatives: Our Portfolio Outperforms By 71%

How Did Crypto.com “Accidentally” Send More Than 320,000 Ether To Rival Exchange Gate?

EigenLayer Unveils 86 Million Token Stakedrop as Restaking Protocols Face TVL Decline

Wire Network Unveils Open-Source, Gas-Free Blockchain for AI Economy

Crypto Heist: Hackers Move $230M in Stolen WazirX Funds Through Tornado Cash

Radix Cuts Workforce by 15% to Streamline Operations, Safeguard Key Projects, and Fuel Ecosystem Growth

OpenSea Faces SEC Enforcement Threat: A Pivotal Moment for NFT Regulation

Telegram CEO Durov Arrested in France Over Criminal Allegations

Eigen Labs: Bypassing Crypto Regulations in the U.S.

Nigeria’s SEC Set to License Crypto Assets as Market Grows and Scrutiny Intensifies

ASIC Shuts Down 615 Cryptocurrency Scams in Major Crackdown