Bitcoin (BTC) Prize falls below $ 30,000, while crypto regulation contains the markets

Bitcoin (BTC) Prize falls below $ 30,000, while crypto regulation contains the markets

Bitcoin (BTC) recorded a loss of 1.00 % on Tuesday and closed the day at $ 29,956. This decline was caused by the talk about regulation of cryptocurrencies. The short-term technical indicators indicate that BTC could fall under the $ 29,000 mark.

On Wednesday morning, Bitcoin rose 0.44 % to $ 30,089. BTC/USD is under the resistance tape from $ 30,250 on the daily type, but has found support in the psychological brand of $ 30,000. It should be noted that the 50-dayemaem is still removed from the 200-dayemaema, which indicates upward dynamics.

In the 4-hour chart, BTC/USD met with severe resistance to the psychological brand of $ 30,000 and is located under the resistance tape from $ 30,250 and $ 31,250. In the long term, however, these indicators signal a bullish development.

The introduction of a regulatory framework by the Financial Stability Board (FSB) has burdened the investigation. The FSB strives to create a global regulatory framework in order to promote the completeness and consistency of regulation.

The talks of the US legislators about regulatory matters brought no support. A letter from the Republican Ritchie Torres to the second chairman Gensler was shared by Brad Garlinghouse, CEO von Ripple. Torres praised the judgment of the SEC/Ripple Court and emphasized that the legal basis for the legal dispute against Coinbase had collapsed.

No significant economic indicators are expected for the US real estate sector that could affect the mood of investors. Nevertheless, investors should keep an eye on the developments in relation to SEC and Ripple as well as important cryptocurrency events, including the discussions about ETFs and news about Binance and Coinbase (Coin).