Price
After attempts to break the 10000.0 level, BTCUSD went into lateral movement near to the 9500.0 support level. Today the price went down and broke below the 9500.0 level. The fall stopped at the 9250.0 level, not reaching the main for the week 9000.0 – 8800.0 support zone. Overall the sell-off did not change the bullish bias. One of the reasons for the red market today could be an infamous meeting of the SEC and CFTC authorities, to discuss whether ETH could be considered as security, decisions of this meeting could affect regulation of all cryptomarkets in the USA.
Today forecast
Lateral trading in the 9000.0 – 1000.0 zone.
News
After attempts to break the 10000.0 level, BTCUSD went into lateral movement near to the 9500.0 support level. Today the price went down and broke below the 9500.0 level. The fall stopped at the 9250.0 level, not reaching the main for the week 9000.0 – 8800.0 support zone. Overall the sell-off did not change the bullish bias. One of the reasons for the red market today could be an infamous meeting of the SEC and CFTC authorities, to discuss whether ETH could be considered as security, decisions of this meeting could affect regulation of all cryptomarkets in the USA.
Today forecast
Lateral trading in the 9000.0 – 1000.0 zone.
News
- SEC and CFTC authorities will discuss whether Ethereum is a security or not. Today the Securities and Exchange Commission, in conjunction with members of the Commodities and Futures Trading Commission, will decide whether or not Ethereum is a security or a commodity. Currently, cryptocurrencies are largely viewed as commodities. The difference between a security and a commodity has huge implications on how a particular asset will be viewed by tax and regulatory authorities.
