Regulations
By Dan Saada
1 / 8
An upward move, downside correction, revisiting the support area, positive price action, bullish move, resistance, and bearish trends are reported every day for the different…
2 / 8
It was thought that Bitcoin would sustain a bearish trend and create new lows down $3,421; however, the coin held it and proceeded to move high bringing the market cap value back…
3 / 8
Eventually, Bitcoin surged by a total of 11% high in the market thereby having the price surge to the peak at $3,802 after which it stalled.
4 / 8
Robert J. Jackson, the SEC commissioner, reported in the past week that approval of Bitcoin ETF is inevitable.
5 / 8
Since SEC must protect American Investors, they have strict procedures about setting requirements that ETFs should meet.
6 / 8
The cryptocurrency market showed a mixed signal, and most of the crypto was range bound. The recent trends in the overall market can be attributed to the SEC announcement.
7 / 8
In the current scenario, it is seen that the entire market is depending on the regulatory actions and news from the government agencies before making any further progress.
8 / 8
And it is seen that the market is also overly focused on the upcoming Ethereum hard fork. The Bollinger bands for Ethereum are showing bands that indicate less volatility…
The Currency Analytics
Want the full story?