Author: Editor
JPMorgan said cryptocurrency regulation driven by the Securities and Exchange Commission and the Commodity Futures Trading Commission lacks long-term sustainability after the Clarity Act failed to advance in a procedural vote in the U.S. Senate.
Bitcoin traded near $76,300 on Thursday, largely unmoved a day after the Federal Reserve delivered its first interest rate hike since July 2023.
Solana ($SOL) registered an uptick of 2.49% in the last 24 hours to hit $99.03 on the charts. Its gains were slightly more substantial than the broader market’s more modest recovery.
Ethereum price is eyeing $2,570 as falling exchange supply adds fuel to its recovery narrative. $ETH remains trapped inside a four-hour descending channel, making the next breakout crucial. A sharp move above $2,570 could open the path toward $2,700 and potentially $3,000, while another rejection may extend the consolidation.
Bitcoin barely reacted to CLARITY’s failure, and one analyst says it’s the clearest sign that markets are in a bad news doesn’t matter phase. ByWayne Jones
Bitcoin ($BTC) traded near $76,500 after Thursday’s Wall Street open as investors snapped up US stocks following their recent dip.
Crypto-linked stocks have endured a volatile few days after the Senate failed to advance the CLARITY Act on Sept. 15 and the Federal Reserve raised interest rates by 25 basis points a day later.
Baby Boomers held their bitcoin ETF positions through a savage drawdown and analysts are calling it a show of discipline, but the benchmark they were quietly measured against tells a far more uncomfortable story.
US SEC grants 5-Year exemption to launch tokenized stock trading on blockchain venues World
The U.S. crypto industry faces prolonged regulatory uncertainty after the Senate failed to advance the Clarity Act, leaving digital asset companies without a comprehensive federal market structure framework and keeping the division of authority between the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) unclear.