1. Bitcoin Pulls Back After Hitting All-Time High
Bitcoin is trading around $117,000 after reaching an all-time high near $123,000 on Monday. The brief pullback appears to be profit-taking by large holders and aligns with expectations of a short-term correction.
Some traders are eyeing a CME futures gap near $114,000, while others point to elevated funding rates as a reason for caution.
Healthy corrections are part of any rally. If Bitcoin finds support above $110K, the long-term uptrend remains on solid footing.
2. Tether Moves $1 Billion to Bitcoin-Friendly U.K. Bank
Tether, the issuer of the world’s largest stablecoin (USDT), just transferred $1 billion to Britannia Financial Group — a London-based bank known for its crypto-friendly stance and over-the-counter services.
The move signals deepening institutional ties between crypto firms and traditional banks, especially outside the U.S., as regulators tighten domestically.
The shift underscores London’s growing role as a global hub for Bitcoin-related financial activity.
3. Is Bitcoin Now in a Class of Its Own?
Investor and commentator
argues that Bitcoin is detaching from traditional asset classes — including tech stocks, gold, and real estate.He cites mainstream ETF integration, increasing adoption, and investor behavior that now treats Bitcoin as its own category, not just another risk-on asset.
Pomp’s thesis may sound bold, but the trend lines suggest Bitcoin is being evaluated by a new set of standards — and that alone is worth watching.
Read the full story at
.🔗 Want to go deeper? Explore the original sources:
Bitcoin price correction and CME gap – Cointelegraph
Tether’s $1B transfer to UK bank – CoinDesk
Pomp: Bitcoin is in a class of its own – The Pomp Letter
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Bitcoin Universe is for informational purposes only and does not constitute financial advice.
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