Cryptocurrency Summary

Westlake police reported that a woman lost over $5,000 in a cryptocurrency scam, which was brought to their attention by a convenience store clerk on November 26. Meanwhile, Bitcoin has shown strong support near $80,000, as indicated by three key metrics, according to recent analysis.

In institutional developments, Standard Chartered and Coinbase have deepened their alliance to enhance crypto infrastructure. Additionally, the U.S. CFTC has withdrawn its 2020 guidance regarding the 'actual delivery' of a digital asset, a move aimed at promoting broader access to regulated crypto markets.

Analysts also suggest that the suppression of Bitcoin's price may be linked to seasoned investors, referred to as 'BTC OGs,' selling covered calls. Furthermore, the SEC has published a crypto custody guide to clarify regulatory expectations.