• Bitcoin has retreated to below $25,000 after reaching a nine- month high on Tuesday.
• Altcoins continue to rally, with stacks (STX) taking the lead and IMX token for Immutable X surging 30%.
• Binance.US’ deal to buy the assets of bankrupt crypto lender Voyager Digital for $1 billion is put on hold while key legal objections are ironed out, following an appeal by the U.S. Trustee.
Bitcoin Falls Back to Below $25K
Bitcoin has retreated back to below $25,000 after reaching a nine-month high on Tuesday at about $26,500. Following the release of the United States Consumer Price Index which showed that inflation rate is slowing down, altcoins continue to rally with stacks (STX) taking the lead and IMX token for Immutable X surging by 30%.
Binance US Deal Put On Hold
Binance.US’ deal of buying assets from bankrupt crypto lender Voyager Digital for $1 billion has been put on hold while legal objections are ironed out by authorities. The move follows an appeal from U.S. Trustee which is concerned that deal would absolve Voyager and its staff from potential liabilities arising from fraudulent activity or negligence in managing customer funds .
Mood Among Clients
Franklin Templeton President and CEO Jenny Johnson will discuss developing crypto-linked investment products in a bear market and her long term view on where markets are headed as well as client sentiment towards digital assets during this period of volatility..
CoinDesk Market Team
The article was written by CoinDesk Markets reporter Lyllah Ledesma currently based in Europe who holds bitcoin, ether and other small amounts of crypto assets as well as senior reporter Omkar Godbole who follows current moves in crypto markets in context every day through CoinDesk’s daily newsletter First Mover..
Conclusion
This article provides insight into latest price moves in cryptocurrency markets along with current news stories related to developments within these markets such as Binance US’s proposed acquisition of Voyager Digital’s assets being put on hold due to legal objections raised by U.S. Trustee branch of Department of Justice and Franklin Templeton President Jenny Johnson discussing developing crypto-linked investment products amid bear market condition along with her long term view regarding cryptocurrencies and sentiment among clients towards digital assets during this period of volatility..