Bitcoin (BTC) remains within range as price didn't move much today. Currently, price is trading above 10,400. Range is intact with 11,000 level as key resistance (50 MA resistance), while potential immediate resistance sits around 10,300 - 10,500 - failure to hold within this level could push price to test key support at around 10,000 - 9,800. Otherwise, price may have a chance to test 50 MA if price able to hold above 10 EMA.
Global market cap is at $331B, while BTC's market cap is at $193B.
Wealthsimple Crypto, Canada's first regulated crypto exchange, launched its trading platform on Sept. 22. Users in Canada will now be able to create an account and start trading crypto on the platform. In addition, the platform also has a mobile app where users can buy and sell Bitcoin (BTC) and Ethereum (ETH), while deposits and withdrawals are denominated in Canadian dollars. Wealthsimple Crypto will not hold any crypto in its own hot and cold wallets. The exchange will use the custody service of Gemini instead.
Wealthsimple is an online investment management service based in Toronto, Canada. It announced its plan to put up a crypto trading platform in July 2020.
Major banks that were implicated in the leaked documents from the US Financial Crimes Enforcement Network (FinCEN) were subsequently thrashed by the market today. According to an investigation conducted by the International Consortium of Investigative Journalists on those leaked documents, several banks facilitated over $2 trillion worth of suspicious transactions, with Deutsche Bank accounting for over $1.3T of those transactions. JPMorgan had over $514B worth of suspicious activity, Standard Chartered with $166B, Bank of New York Mellon with $64B, Barclays with $21B, Societe Generale with $8.4B, and HSBC with $4.4B.
Looking at it from a crypto perspective, Chainalysis claims that there was $1 trillion worth of crypto transactions in 2019, with only 1.1%, or $11 billion, classified as illicit.
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