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Cryptocurrencies Price Prediction: Bitcoin, Ethereum & SEC — American Wrap 23 April

Cryptocurrencies Price Prediction: Bitcoin, Ethereum & SEC — American Wrap 23 April
FXStreet TeamFXStreet TeamFXStreet

Ethereum teases at rally as FTX ETH sale could be sell signal for investors

Ethereum (ETH) has continued showing signs of a potential rally on Tuesday as most coins in the crypto market are also posting gains. This comes amid speculation of a potential decline following FTX ETH sales and normalizing ETH risk reversals.
ETH/USDT 4-hour chart
Bitcoin (BTC) price strength continues to grow, three days after the fourth halving. Optimism continues to abound in the market as Bitcoiners envision a reclamation of previous cycle highs.

Two crypto industry groups Blockchain Association (BA)and the Crypto Freedom Alliance of Texas (CFAT) have filed a lawsuit against the Securities & Exchange Commission (SEC) in a federal court in Texas. 

The two groups are challenging the SEC’s new rule that broadens the definition of who the regulator considers as a “dealer” of securities. 

 

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FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

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