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Why Did Bitcoin Pullback After Hitting an All-Time High?
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 Anthony Pompliano 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 The Pomp Letter.
🔗 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
🎧 Listen to the full update — or scan the stories above to stay sharp and make your next move with confidence.
📩 New here? Subscribe for weekday Bitcoin briefings that cut through the noise.
Bitcoin Universe is for informational purposes only and does not constitute financial advice.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit rossbrandbitcoin.substack.com
View all episodes
By Ross Brand1. 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 Anthony Pompliano 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 The Pomp Letter.
🔗 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
🎧 Listen to the full update — or scan the stories above to stay sharp and make your next move with confidence.
📩 New here? Subscribe for weekday Bitcoin briefings that cut through the noise.
Bitcoin Universe is for informational purposes only and does not constitute financial advice.
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit rossbrandbitcoin.substack.com