Bitcoin’s price is down 10% — New bear market or correction?

) should react to the central bank’s decision and explains how interest rates affect families and businesses.

In Pechman’s opinion, the correlation between Bitcoin and the stock market should decline considering the U.S. is nearing its debt limit and the economy is displaying signs of weakness and recession. Pechman does not believe there’s a rationale for Bitcoin trading at $25,000, as some analysts have suggested.Coinbase’s court action against the Securities and Exchange Commission

. “Coinbase is looking to force the SEC to respond to its petition seeking rules for the crypto industry… asking the SEC to provide clarification about how it goes about classifying tokens as securities.” According to Pechman, it seems like the tables have turned, as the regulator has been postponing its ruling and harassing exchanges without ever giving some direction on what sets the bar for tokens to become securities. The conclusion? This case can have a bigger impact than previously imagined because judges will take note of the SEC’s arguments.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Bitcoin’s price is down 10% — New bear market or correction?New video ⚡ Dive into the impact of the Fed meeting, Bitcoin-stock market correlation, and more. Watch the full deep dive on the new episode of Market Report with Marcel Pechman (noshitcoins)
مصدر: Cointelegraph - 🏆 562. / 51 اقرأ أكثر »

Biggest Movers: LTC, LINK Rebound on Monday, Despite Crypto Market Red Wave – Market Updates Bitcoin NewsLitecoin rose marginally higher to start the week, despite cryptocurrency markets mostly trading lower on Monday.
مصدر: BTCTN - 🏆 531. / 51 اقرأ أكثر »

Argentina’s peso, at record lows in black market, stokes market jittersArgentina's peso tumbled to a record low in the popular black market as an election build-up sows uncertainty and the economy shows strains beyond the country's all-important grains exports, hit by a crippling drought.
مصدر: Reuters - 🏆 2. / 97 اقرأ أكثر »