Bitcoin Market Outlook Amidst Post-Holiday Trading Lull and Regulatory Changes
12/29/2024 4:11:06 PM
According to Greeks.live, the post-Christmas period saw a smooth transition in the annual delivery market as major exchanges and traders in Europe and the United States remained inactive, leading to a temporary disconnect of the crypto market from traditional financial flows and a slight negative trend this week. Looking ahead, favorable expectations for 2025 are anticipated to gradually take shape, with traditional financial inflows expected to have a sustained positive impact on the cryptocurrency market. Additionally, new EU regulations mandate crypto exchanges to adhere to travel rule guidelines and enhance anti-money laundering measures. Exchanges like Deribit will need to bolster their KYC processes to comply with these regulations. (Source)
Bitcoin Europe United States Deribit EU regulationsMore from Greeks.live (@GreeksLive):