US President Joe Biden recently vetoed H.J. Res. 109, a resolution aimed at overturning the SEC’s SAB 121 rule. Biden stated that the rule represents the considered technical views of SEC staff and plays a crucial role in protecting the public. He emphasized that the resolution would limit the SEC’s authority over accounting practices, hindering
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A recent analysis conducted by crypto analyst Egrag Crypto has presented a bullish narrative for the XRP price. In this analysis, two potential scenarios were outlined that could lead to a breakout for the crypto token, potentially pushing it as high as $7.5. The Relative Strength Index (RSI) for XRP has reached its lowest levels
In the world of cryptocurrency, Bitcoin has been a hot topic of discussion among analysts and experts. Recently, crypto analyst Pierre shared his insights on why the $69,000 price level is crucial for Bitcoin’s future performance. According to Pierre, breaking above $69,000 could pave the way for Bitcoin to reach a new all-time high (ATH)
Near Protocol has been holding steady throughout the turbulent market conditions of the year 2024, defying multiple crashes and maintaining a relatively stable price. However, recent analysis suggests that the altcoin may have reached its peak and could be headed for a significant downturn. At the beginning of May, Near Protocol’s price formed a wedge
BNB price recently faced a challenge as it struggled near the $615 resistance level. This led to a bearish reaction, causing the price to dip below the $600 support zone. The downward movement was in line with similar movements in Ethereum and Bitcoin. Moreover, the price tested the $585 support zone and traded as low
There has been speculation surrounding the launch of US spot Ethereum ETFs, with Bloomberg ETF analyst Eric Balchunas suggesting that they could potentially launch in June. Balchunas mentioned that while a mid-June launch may be a long shot, there is a legitimate possibility that these ETFs could be available by the end of June. However,
XRP price has been facing significant challenges in the crypto market, with losses extending below the crucial $0.5220 support zone. The price dipped to test the $0.5120 support level and is now making efforts towards another recovery wave aiming for $0.550. However, the journey towards an upward trend is proving to be quite challenging for
In recent trading sessions, Ethereum faced a significant decline in its price, testing the crucial $3,720 support level. Following this decline, ETH is now in a consolidation phase, encountering multiple obstacles around the $3,800 mark. This downward movement suggests a bearish sentiment in the market, similar to what Bitcoin has been experiencing. A new bearish
The predictions made by crypto strategist Xanrox about the future of Bitcoin paint a rather bleak picture for the leading cryptocurrency. Xanrox accurately predicted the current downtrend in Bitcoin’s price, suggesting that the market may only just be entering the early stages of a decline. This prediction is based on a number of technical indicators,
The idea of a shared digital securities sandbox between the US and the UK has been proposed by SEC commissioner Hester Peirce on May 29. This proposal aims to extend the joint digital securities sandbox (DSS) of the Bank of England and FCA to include US firms as well. The concept behind this shared sandbox