Bitcoin is just seeing a ‘normal correction,’ cycle peak is yet to come: Analysts

Bitcoin’s correction from its January peak is a typical cycle pullback and is not out of the ordinary, with a price top still on the horizon, crypto analysts and executives tell Cointelegraph.

“I don’t think the bull run is over; I think the peak of the cycle has been pushed back due to macro conditions, and global liquidity isn’t pretty, which isn’t helping crypto,” Collective Shift CEO Ben Simpson told Cointelegraph.

Bitcoin experiencing expected retracement

“It is only the third or fourth correction we’ve had over 25% we’ve had in Bitcoin this cycle compared to 12 last cycle,” Simpson said. 

Bitcoin (BTC) is down 24% from its all-time high of $109,000 on Jan. 20 amid uncertainty around US President Donald Trump’s tariffs and the future of US interest rates, but Simpson called it “a normal correction.”

“Things got overheated, and they needed to cool down, and the market needed to

Read More at https://cointelegraph.com/news/bitcoin-price-normal-correction-bull-cycle-peak-coming-crypto-analysts?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

Bitcoin is just seeing a ‘normal correction,’ cycle peak is yet to come: Analysts

Bitcoin’s correction from its January peak is a typical cycle pullback and is not out of the ordinary, with a price top still on the horizon, crypto analysts and executives tell Cointelegraph.

“I don’t think the bull run is over; I think the peak of the cycle has been pushed back due to macro conditions, and global liquidity isn’t pretty, which isn’t helping crypto,” Collective Shift CEO Ben Simpson told Cointelegraph.

Bitcoin experiencing expected retracement

“It is only the third or fourth correction we’ve had over 25% we’ve had in Bitcoin this cycle compared to 12 last cycle,” Simpson said. 

Bitcoin (BTC) is down 24% from its all-time high of $109,000 on Jan. 20 amid uncertainty around US President Donald Trump’s tariffs and the future of US interest rates, but Simpson called it “a normal correction.”

“Things got overheated, and they needed to cool down, and the market needed to

Read More at https://cointelegraph.com/news/bitcoin-price-normal-correction-bull-cycle-peak-coming-crypto-analysts?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin is just seeing a ‘normal correction,’ cycle peak is yet to come: Analysts

Bitcoin’s correction from its January peak is a typical cycle pullback and is not out of the ordinary, with a price top still on the horizon, crypto analysts and executives tell Cointelegraph.

“I don’t think the bull run is over; I think the peak of the cycle has been pushed back due to macro conditions, and global liquidity isn’t pretty, which isn’t helping crypto,” Collective Shift CEO Ben Simpson told Cointelegraph.

Bitcoin experiencing expected retracement

“It is only the third or fourth correction we’ve had over 25% we’ve had in Bitcoin this cycle compared to 12 last cycle,” Simpson said. 

Bitcoin (BTC) is down 24% from its all-time high of $109,000 on Jan. 20 amid uncertainty around US President Donald Trump’s tariffs and the future of US interest rates, but Simpson called it “a normal correction.”

“Things got overheated, and they needed to cool down, and the market needed to

Read More at https://cointelegraph.com/news/bitcoin-price-normal-correction-bull-cycle-peak-coming-crypto-analysts?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

Feds charge filmmaker with stealing $11M from Netflix to gamble on crypto, stocks

US federal authorities have arrested and indicted a filmmaker, accusing him of spending $11 million given by Netflix to gamble on stocks and crypto instead of using it to finance a science fiction TV show.

The Department of Justice said in an indictment unsealed in a Manhattan federal court on March 18 that it had charged Carl Erik Rinsch with fraud and money laundering, and he could face upward of 20 years in prison.

The DOJ alleged that Netflix, which wasn’t named in the complaint, gave Rinsch $11 million in March 2020 to finance the storyboarding, pay actors and edit footage for the sci-fi TV show “White Horse” — later renamed “Conquest.”

Instead, prosecutors allege that Rinsch moved about $10.5 million of the funds into a brokerage account where he “made a number of extremely risky” trades, including call options on a biopharmaceutical company, which lost him over

Read More at https://cointelegraph.com/news/filmmaker-charged-alleged-11-million-defraud-netflix-gamble-crypto?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

Feds charge filmmaker with stealing $11M from Netflix to gamble on crypto, stocks

US federal authorities have arrested and indicted a filmmaker, accusing him of spending $11 million given by Netflix to gamble on stocks and crypto instead of using it to finance a science fiction TV show.

The Department of Justice said in an indictment unsealed in a Manhattan federal court on March 18 that it had charged Carl Erik Rinsch with fraud and money laundering, and he could face upward of 20 years in prison.

The DOJ alleged that Netflix, which wasn’t named in the complaint, gave Rinsch $11 million in March 2020 to finance the storyboarding, pay actors and edit footage for the sci-fi TV show “White Horse” — later renamed “Conquest.”

Instead, prosecutors allege that Rinsch moved about $10.5 million of the funds into a brokerage account where he “made a number of extremely risky” trades, including call options on a biopharmaceutical company, which lost him over

Read More at https://cointelegraph.com/news/filmmaker-charged-alleged-11-million-defraud-netflix-gamble-crypto?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Feds charge filmmaker with stealing $11M from Netflix to gamble on crypto, stocks

US federal authorities have arrested and indicted a filmmaker, accusing him of spending $11 million given by Netflix to gamble on stocks and crypto instead of using it to finance a science fiction TV show.

The Department of Justice said in an indictment unsealed in a Manhattan federal court on March 18 that it had charged Carl Erik Rinsch with fraud and money laundering, and he could face upward of 20 years in prison.

The DOJ alleged that Netflix, which wasn’t named in the complaint, gave Rinsch $11 million in March 2020 to finance the storyboarding, pay actors and edit footage for the sci-fi TV show “White Horse” — later renamed “Conquest.”

Instead, prosecutors allege that Rinsch moved about $10.5 million of the funds into a brokerage account where he “made a number of extremely risky” trades, including call options on a biopharmaceutical company, which lost him over

Read More at https://cointelegraph.com/news/filmmaker-charged-alleged-11-million-defraud-netflix-gamble-crypto?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

North Dakota Senate passes crypto ATM bill limiting daily transactions to $2K

The North Dakota Senate has passed a bill that regulates crypto ATMs while re-adding a provision capping daily transactions at $2,000 per user that was originally dropped by the state’s House.

The state’s Senate passed House Bill 1447 in a 45-to-1 vote on March 18. The bill was introduced to the state’s legislative assembly on Jan. 15 and aims to protect residents from scams by introducing a slate of new guidelines for crypto ATMs and their operators.

The latest version of the bill passed by the Senate requires crypto ATM and kiosk operators to be licensed in the state as money transmitters, limits customer withdrawals across their network of ATMs to $2,000 per day, and issues fraud warning notices.

Initially, the bill limited crypto ATM customer transactions to $1,000 a day, but a

Read More at https://cointelegraph.com/news/north-dakota-senate-passes-crypto-atm-bill-2000-daily-limit?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound

North Dakota Senate passes crypto ATM bill limiting daily transactions to $2K

The North Dakota Senate has passed a bill that regulates crypto ATMs while re-adding a provision capping daily transactions at $2,000 per user that was originally dropped by the state’s House.

The state’s Senate passed House Bill 1447 in a 45-to-1 vote on March 18. The bill was introduced to the state’s legislative assembly on Jan. 15 and aims to protect residents from scams by introducing a slate of new guidelines for crypto ATMs and their operators.

The latest version of the bill passed by the Senate requires crypto ATM and kiosk operators to be licensed in the state as money transmitters, limits customer withdrawals across their network of ATMs to $2,000 per day, and issues fraud warning notices.

Initially, the bill limited crypto ATM customer transactions to $1,000 a day, but a

Read More at https://cointelegraph.com/news/north-dakota-senate-passes-crypto-atm-bill-2000-daily-limit?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742364053370&utm_campaign=rss_partner_inbound

North Dakota Senate passes crypto ATM bill limiting daily transactions to $2K

The North Dakota Senate has passed a bill that regulates crypto ATMs while re-adding a provision capping daily transactions at $2,000 per user that was originally dropped by the state’s House.

The state’s Senate passed House Bill 1447 in a 45-to-1 vote on March 18. The bill was introduced to the state’s legislative assembly on Jan. 15 and aims to protect residents from scams by introducing a slate of new guidelines for crypto ATMs and their operators.

The latest version of the bill passed by the Senate requires crypto ATM and kiosk operators to be licensed in the state as money transmitters, limits customer withdrawals across their network of ATMs to $2,000 per day, and issues fraud warning notices.

Initially, the bill limited crypto ATM customer transactions to $1,000 a day, but a

Read More at https://cointelegraph.com/news/north-dakota-senate-passes-crypto-atm-bill-2000-daily-limit?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Minnesota senator proposes Bitcoin Act after going from skeptic to believer

Minnesota state Senator Jeremy Miller has introduced the Minnesota Bitcoin Act, which he drafted after completely changing his stance on Bitcoin.

“As I do more research on cryptocurrency and hear from more and more constituents, I’ve gone from being highly skeptical to learning more about it, to believing in Bitcoin and other cryptocurrencies,” Miller said in a March 18 statement.

Miller said the bill aims to “promote prosperity” for Minnesotans by allowing the Minnesota State Board of Investment to invest state assets in Bitcoin (BTC) and other cryptocurrencies, just as it invests in traditional assets.

Several other US states have introduced similar Bitcoin-buying bills, with 23 states having introduced legislation to create a Bitcoin reserve, according to Bitcoin Laws.

A total of 39 different bills related to state investments in Bitcoin have been introduced across 23 US states. Source:

Read More at https://cointelegraph.com/news/minnesota-senator-miller-bitcoin-act-skeptic-to-believer?utm_source=rss_feed&utm_medium=rss%3Ft%3D1742403707425&utm_campaign=rss_partner_inbound