Just saw a news update: FinCEN and the Federal Reserve have withdrawn their 2020 proposal to revise the Travel Rule, keeping the recordkeeping threshold for cross-border transfers at $3,000. I immediately checked $BTC : down 1.7% intraday.
After the data comes out, it takes time for the market to reprice. The initial move doesn't necessarily indicate what comes next. This is mainly useful for understanding what's happening in the industry, and has limited relevance to short-term market movements.
After the data comes out, it takes time for the market to reprice. The initial move doesn't necessarily indicate what comes next. This is mainly useful for understanding what's happening in the industry, and has limited relevance to short-term market movements.