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Bitcoin News Roundup for Sept. 22, 2020

With bitcoin at risk of falling to four figures and new guidance from the OCC, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

Updated Sep 14, 2021, 9:59 a.m. Published Sep 22, 2020, 4:00 p.m. 1 min read
Markets Daily Front Page Adam Lyllah

With bitcoin at risk of falling to four figures and new guidance from the OCC, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

This episode is sponsored by Crypto.comBitstamp and Nexo.io.

Today's Stories:


Equity Markets Turmoil Could Push Bitcoin Below $10K, Say Analysts

Bitcoin risks falling into four figures on a continued sell-off in equities and rebounding U.S. dollar.

Digital Euro Would Provide Alternative to Cryptos, ECB President Lagarde Says

A digital euro for retail payments would "ensure that sovereign money remains at the core of European payment systems," according to Legarde.

SEC, OCC Issue First Regulatory Clarifications for Stablecoins

The U.S. OCC has published fresh guidance, officially clarifying national banks can provide services to stablecoin issuers in the U.S.

Craig Wright Must Face Trial Over Alleged $11B Bitcoin Fortune as Request for Summary Judgment Denied

In a case involving the ownership of about 1.1 million bitcoin (worth over $11 billion), the federal court denied Wright’s request for a summary judgment on Monday.

For early access before our regular noon Eastern time releases , subscribe with Apple PodcastsSpotifyPocketcastsGoogle PodcastsCastboxStitcherRadioPublica or RSS.

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RHODL Ratio (Glassnode)

Realized cap stabilization, historically elevated RHODL readings and deeply negative funding rates all point toward a potential cycle low for bitcoin forming earlier this year.

What to know:

  • Multiple onchain and derivatives indicators suggest bitcoin probably established a cycle low during February’s sharp selloff toward $60,000.
  • Realized cap has stabilized near $1.08 trillion after heavy wealth destruction, mirroring accumulation patterns seen during previous bear-market bottoms.
  • Bitcoin perpetual funding rates remained deeply negative for months, a historically reliable signal...