Within the newest episode of The Market Report, analyst and author Marcel Pechman analyzes some information to conclude whether or not (BTC) will ever commerce at $27,000. Some analysts attribute Bitcoin’s current 21.5% achieve to BlackRock’s Bitcoin exchange-traded fund (ETF) submitting, however different occasions might have fueled the cryptocurrency’s features as nicely.
Pechman claims that following a interval of enforcement motion taken by regulators towards exchanges allegedly performing as unregistered securities sellers, the regulatory surroundings for crypto in the USA has improved. . Extra lately, the USA Securities and Trade Fee has drawn opposition from Congress and the Federal Reserve. This reveals how contradictory the views of the US authorities on crypto regulation are.
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