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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & SEC – American Wrap 06 May

Bitcoin price defends against downside momentum, MicroStrategy BTC bucket grows to 214,400

Bitcoin (BTC) price is chopping sideways after a strong weekend. Despite elevated risk levels in the cryptocurrency markets, reports indicate that MicroStrategy is arguably the biggest BTC bull. 
Ethereum's (ETH) price movement on Monday is leaning toward short traders following investors' uncertainty in the wider crypto market. However, ETH holdings in centralized exchanges (CEXs) has been on a steady decline following low flows in Hong Kong's ETH ETFs and Robinhood Crypto receiving a Wells notice from the Securities & Exchange Commission (SEC).
ETH/USDT 4-hour chart
The Securities and Exchange Commission (SEC) is investigating the exchange platform Robinhood Crypto, LLC. The exchange said Monday that it has received investigative subpoenas on crypto listings, custody of cryptocurrencies and platform operations. 
 
 

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