| G20 proposes coordinated, comprehensive crypto regulation If you cannot see the email below, please click here to see the web version. Dear FreeBitco.in User, You are receiving this email because you are an active uer at FreeBitco.in. Your User ID 4327909 was last active on 2023-02-26.  LAST WEEK IN CRYPTO Hello FreeBitco.in Users! Let's take a look at what happened Last Week in Crypto: ➤ BTC Bears Struggle to Hold On BTC Bears Struggle to Hold On, Key Monthly Close Looms BTC | BITCOIN $23407.00 +1.15%  Macroeconomic data suggests continued rate hikes, leading to profit booking in the equities and crypto markets last week. BTC wasn't affected much; the bears tried pushing the Bitcoin price below the 20-day EMA, but they couldn't sustain the drop, and BTC climbed above the crucial $23,000 before the weekly close. The bulls are trying to maintain the price above the 20-day EMA which is flattening. A monthly close above that level could see Bitcoin oscillate between $23,500 and $25,200. However, a monthly close below $22,800 could trigger a period of selling, pushing BTC down to strong support at $21,500. On the upside, $25,000 remains a major resistance, and capturing that level could see Bitcoin rally to as high as $30,000 in a couple of months. Here's How You Can Win Big This Week      DOWNLOAD XFUN WALLET   CRYPTO NEWS WEEKLY ROUNDUP G20 Set to Propose Coordinated Global Regulation for Crypto Based on FSB, IMF, and BIS Papers  The Finance Ministers and Central Bank Governors (FMCBG) meeting of the G20 took place last week. The meeting was chaired by India's finance minister Nirmala Sitharaman and called for a ''comprehensive and coordinated policy approach to deal with cryptocurrencies.'' The Financial Stability Board (FSB) is set to publish recommendations by July regarding the regulation, supervision, and oversight of global stablecoins, crypto assets, and markets. This will be tabled before the next meeting of the FMCBG. Furthermore, the IMF and the FSB will publish a ''synthesis paper'' in September that will ''support a coordinated and comprehensive policy approach to crypto-assets, by considering macroeconomic and regulatory perspectives, including the full range of risks posed by crypto assets.'' The BIS will also provide a report on possible risk mitigation strategies related to crypto assets. Coinbase Launches Base, and Ethereum-Focused Layer-2 Blockchain  Coinbase, the world's second-largest crypto exchange, launched Base, an Ethereum-focused Layer-2 blockchain, on Feb. 23. Coinbase has developed this network in collaboration with Optimism, a similarly Ethereum-focused Layer-2 solution. This new blockchain leverages the OP Stack to help developers build easily accessible dApps. In the beginning, Base will have comparable fees to Optimism or Arbitrum ($0.1-$0.5), however, they plan to drop them down to one cent over the next year. Base will be ''secure, low-cost, and developer-friendly,'' and it will be integrated across Coinbase's product suite. They also plan to make Base interoperable with other blockchains including Solana, Avalanche, and Polygon. STAY TUNED FOR THE LATEST NEWS EVERY WEEK Keep an eye on your inbox for your weekly dose of cryptocurrency news, updates, trends, analysis, and more. 
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Key Monthly Close Looms for BTC
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