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Cryptocurrencies Price Prediction: Cryptos, Bitcoin & SEC – American Wrap 16 May

Cryptocurrencies Price Prediction: Cryptos, Bitcoin & SEC – American Wrap 16 May
FXStreet TeamFXStreet TeamFXStreet

Bitcoin price holds above $65.5K threshold as world’s largest futures exchange plans to launch BTC trading

Bitcoin’s (BTC) price rally on Wednesday was shocking, steered by the April Consumer Price Index (CPI) data release in the US. Speculation and market sentiment inspired the surge as traders and investors interpreted the news of softened inflation as a signal that central banks may maintain loose monetary policy, which could benefit riskier assets like Bitcoin.
In a decision that received bipartisan support, the Senate aligned with the House of Representatives in voting to overturn controversial SAB-121 rule on Thursday.
 

Most meme coins ranked in the top 10 by market capitalization, including Dogecoin (DOGE), Shiba Inu (SHIB), Bonk (BONK), have extended their gains from the past 7 days in the past 24 hours. 

Several factors have likely influenced the gains in DOGE, SHIB and BONK prices, in addition to GameStop stock rally this week. 

DOGE

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