Bitcoin is rejected at $83K as US bond yields reverse higher with equities
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Bitcoin (BTC) traded below $82,000 after Monday’s Wall Street open as crypto diverged from rising stocks and bond yields. Key points:Bitcoin gave up early-week gains as ask liquidity amassed above $83,000 across exchanges. The Nasdaq Composite Index followed Asian equities higher, gaining 1.5% in the first hours of trading on Monday. US bond yields continued to move in lockstep with stocks, with the 10-year yield back at 5.13% ahead of major corporate earnings announcements. Bitcoin treads water as stocks, bond yields reboundData from TradingView showed BTC/USD dipping to $81,678 on Bitstamp after reaching $83,062 earlier in the day. BTC/USD one-hour chart. Source: Cointelegraph/TradingViewBoth Asia and US equities rallied to start the week, helping to recoup losses from the week prior as selling pressure on tech stocks eased. South Korea’s tech-heavy KOSPI Composite Index finished the day 1.76% higher at 5,768 points, while the Nasdaq Composite Index was up 1.5% at the time of writing. Nasdaq Composite Index one-hour chart.
This article is an excerpt. To read the full content, visit the original source. Cointelegraph
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Revolut secures Gibraltar crypto license to support global expansion
Revolut, a UK-based financial technology company and neobank, has received a cryptocurrency services license in Gibraltar, which it plans to use to expand its digital asset offerings into international markets beyond the UK and European Economic Area. The Gibraltar Financial Services Commission (GFSC) granted a Distributed Ledger Technology (DLT) Provider license to Revolut Global Digital Assets Limited, a newly established subsidiary, according to a Monday announcement. A Revolut spokesperson told Cointelegraph that the license will allow the company to offer crypto services in additional international markets, although specific countries and launch timelines have not been announced. Revolut currently provides cryptocurrency services through Revolut Ltd in the UK and Revolut Digital Assets Europe Ltd across the European Economic Area, where its operations fall under the European Union’s Markets in Crypto-Assets Regulation (MiCA). The fintech reports more than 80 million retail customers worldwide, including about 16 million cryptocurrency users, according to its announcement.
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