Browsing: Week

This week brought a legal challenge to the federal chartering route used by crypto businesses, new U.S. sanctions targeting a network that uses digital assets, and renewed congressional scrutiny of Tether. In Europe, regulators proposed expanding MiCA’s reach, while the United Kingdom opened its crypto authorization application window.

Ethereum trades at $2,630, just $42 below the $2,672 Fibonacci level that must hold on a weekly close to unlock the zone between $2,950 and $3,000.

Traders are bracing for a rare stretch of synchronized tightening this week, with the Federal Reserve and the Bank of Japan (BOJ) both leaning toward a rate hike within 48 hours of each other.