Bitcoin slides below $26,500 amid the ongoing regulatory crackdown Bitcoinprice BTC Binance
- The ongoing regulatory onslaught resulted in crypto prices trading down on Wednesday as the U.S. Securities and Exchange Commission continued to target centralized crypto exchanges in the U.S. with enforcement actions. New developments include the approval of an emergency order to freeze the assets of Binance.US, while Binance CEO Chengpang Zhao has been summoned to appear in court in response to Monday’s 13-charge lawsuit against the world’s top cryptocurrency exchange.
Data provided by TradingView shows that Bitcoin began to trend down at the opening of the first candle on Wednesday, ultimately hitting a daily low of $26,320 in the afternoon before bulls managed to push it back above $26,400.The early morning pullback resulted in July Bitcoin futures prices trading weaker, according to Kitco senior technical analyst Jim Wyckoff, who noted that “Prices hit a nearly three-month low on Tuesday, but trading has turned choppy at mid-week.
#Bitcoin is getting very close to the lower-bound of the wedge, which aligns perfectly with the horizontal support/resistance zone in orange.What should you do? Idk. Idc. You do you. pic.twitter.com/80uMRSgDrc The appearance of a ‘cup and handle’ formation is further verification that Bitcoin’s price could soon rise, according to market analyst Captain Faibik.To Regain Bullish Momentum, Bitcoin Bulls must Reclaim the 31k Crucial S/R level.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
What to know if the S&P 500 enters a bull market - BNN BloombergEconomic optimism in the U.S. and a rally in big tech stocks has the S&P 500 closing in on a bull market, and while some investors may want to act quickly, experts are urging caution.
Lire la suite »
500 Atira workers unionize to improve the safety of residents, workers - Terrace StandardIt comes weeks after an independent audit into the society was released
Lire la suite »
Flyers send Ivan Provorov to Blue Jackets, Kings dump salary in three-team tradeThe veteran defenseman heads to the Blue Jackets after over 500 games in Philadelphia.
Lire la suite »
Binance lawsuit: 10% of crypto market cap now termed ‘securities’In its latest lawsuit against Binance, the SEC has listed 10 new crypto tokens as “crypto asset securities,” bringing the total number of such crypto tokens to 61.
Lire la suite »
U.S. lawmakers and crypto firms push back against SEC ‘regulation by enforcement'Multiple Senators and the wider crypto community push back against the SEC's ongoing ‘regulation by enforcement’ approach to crypto, saying it's a threat to the industry.
Lire la suite »
How Bitcoin remains unfazed amid market instabilityThroughout the periods of turmoil in the crypto market, the one thing which has stayed resilient is Bitcoin.
Lire la suite »