Here is what happened yesterday in the crypto market:
US SEC Commissioner likens crypto regulation to a game in the dark
Hester Peirce, an SEC Commissioner, compared the current regulatory environment for crypto firms in the U.S. to playing ‘the floor is lava’ in the dark, highlighting the uncertainty and challenges these firms face.
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El Salvador Continues Bitcoin Acquisitions Amid IMF Discussions
Despite discussions with the International Monetary Fund (IMF), El Salvador is still buying Bitcoin. El Salvador was the first country to make Bitcoin a legal tender.
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Bitcoin Price Could Reach $200K by 2025 Based on Power Law Model
Analysis based on power curve trends suggests Bitcoin could reach $200,000 in Q4 2025. It notes Bitcoin is following golds price trend with a 100-150 day lag.
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Bitcoin trades at a Discount Amid ETF Buying
Bitcoin is trading at a 40% discount, with significant Bitcoin withdrawals from Coinbase and Binance. Bitcoin’s fractal indicates potential future gains.
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