June 14 BTCUSD BingX Chart Analysis and Today's Headline
Bitcoin witnessed a spike in price above $26,400 yesterday following the release of CPI data. However, it failed to sustain the upward momentum and quickly retraced to around $25,600. As the market absorbed the positive news, BTC has found stability near $25,800 with minor fluctuations. The price has been oscillating between $25,600 and $26,000, showing a slight upward shift at the bottom, albeit with unclear bottom structure. Zooming in on the 4-hour timeframe, it appears to be a consolidation pattern indicating potential continuation.
Today’s Cryptocurrency Headline
U.S. Treasury Studying Enhanced Privacy and Anonymity of Digital Dollars
Graham Steele, Assistant Secretary for Financial Institutions at the US Treasury, has stated that the department has been researching ways to preserve privacy and anonymity in retail transactions involving a digital dollar, despite the US not yet deciding on whether to proceed with a central bank digital currency (CBDC). Speaking at the Transform Payments USA 2023 conference in Texas on Tuesday, Steele emphasized the importance of considering the level of privacy and anonymity protection. He mentioned exploring available technologies and methods, including privacy-enhancing technologies (PET), to incorporate such safeguards in any potential retail CBDC design. These technologies can play a crucial role in maintaining transaction privacy while ensuring transparency and traceability.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
Today’s Cryptocurrency Headline
U.S. Treasury Studying Enhanced Privacy and Anonymity of Digital Dollars
Graham Steele, Assistant Secretary for Financial Institutions at the US Treasury, has stated that the department has been researching ways to preserve privacy and anonymity in retail transactions involving a digital dollar, despite the US not yet deciding on whether to proceed with a central bank digital currency (CBDC). Speaking at the Transform Payments USA 2023 conference in Texas on Tuesday, Steele emphasized the importance of considering the level of privacy and anonymity protection. He mentioned exploring available technologies and methods, including privacy-enhancing technologies (PET), to incorporate such safeguards in any potential retail CBDC design. These technologies can play a crucial role in maintaining transaction privacy while ensuring transparency and traceability.
Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.
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