Happy Wednesday!

Bitcoin made a death cross recently, but that may not be as scary as it sounds. If you check the last few times, it could actually be bullish. 

U.S. Senators are stepping in to combat crypto scams: the new SAFE Crypto Act is supposed to prevent the still-prevalent fraud in the industry.

Plus, Benzinga Pro publishes exclusive headlines directly from companies, filings, and regulatory sources before they hit public newswires. That early access can mean spotting a move while others are still waiting for confirmation. When speed matters, this is how traders stay ahead.

TOP STORY

Bitcoin’s Death Cross Looks Scary Until You Realize What Happened Last Time

Bitcoin just flashed a "death cross," but history suggests it might be a buy signal in disguise.

While the ominous technical pattern — where the 50-day moving average drops below the 200-day — typically sparks fear, VanEck’s Matthew Sigel points out that post-signal returns have actually been positive 64% of the time.

Is this the final shakeout before the next leg up, or a warning of deeper trouble?

SPECIAL OFFER

See Market-Moving News Before The Stock Spikes

Benzinga Pro publishes exclusive headlines directly from companies, filings, and regulatory sources before they hit public newswires. That early access can mean spotting a move while others are still waiting for confirmation. When speed matters, this is how traders stay ahead.

QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are consolidating, which may be a good sign after the recent long downtrend: here’s what’s driving markets today.

Bitcoin may already be having the ‘bear market blues’, as far as seasoned traders are concerned. So, what can you do about that?

Binance’s Changpeng Zhao is officially ‘retired’, but if you look at Binance’s US strategy, you wouldn’t be able to tell it…

FINTECH FOCUS

Senators Introduce SAFE Crypto Act To 'Protect Americans Against Scams In All Industries'

Washington is taking aim at the $51.3 billion crypto fraud industry.

Senators Elissa Slotkin and Jerry Moran just introduced the SAFE Crypto Act, a bipartisan push to create a federal task force dedicated to crushing digital asset scams.

By uniting the Treasury and law enforcement, the bill seeks to close the oversight gaps currently letting hackers and rug-pullers run wild.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Ring The Bell: Created for market enthusiasts by market enthusiasts, this daily newsletter delivers top stories, fast movers and hot trade ideas straight to your inbox. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.