The Financial Conduct Authority (FSA) plans to launch a consultation to consider a potential ban on crypto-based derivatives sale. This move will affect such instruments as contracts for difference, options and futures and become be the first majot intervention in the market.
Read more about the potential ban here
Author
Tanya Abrosimova
Independent Analyst
Pi Network price holds steady on Friday, maintaining a consolidating tone for three consecutive days. Mild retail strength in the PI token remains stable, with Open Interest above $9 million, while social buzz eases.
Bitcoin trades around $62,900 on Friday, down over 3% so far this week, but signs of stabilization are emerging. Tensions in the Strait of Hormuz are keeping Oil prices and the war-risk premium elevated, supporting the US Dollar and weighing on BTC.
Bitcoin trades below $63,000 on Friday, projecting a downside bias as selling pressure resurfaces. Ethereum and Ripple also take a bearish path, risking a drop below the 50-day Exponential Moving Average at $1,856 and the $1.00 psychological support, respectively.
Bitcoin SV (BSV) is up nearly 2% on Friday, extending a steady upward trend over the last two weeks. Retail strength builds in BSV amid multiple vulnerabilities found in the Bitcoin ecosystem.
