At the time of writing, Bitcoin $63,729 is back above $64,000 and struggling to push its daily high higher. Today was an eventful day for cryptocurrencies. SEC Chairman Gensler testified in Congress with other members. We saw Fed members make important statements before. Good news for Caroline Ellison too. Here is a quick summary of the important events that happened in the last minutes.
Cryptocurrencies Hot Development
BTC price It climbed to $64,375 as if to celebrate Caroline’s 2-year prison sentence. The king cryptocurrency fell to $15,500 in the November 2022 crash. One of the main reasons for this was the collapse of FTX. FTX It was stated in court documents that SBF and its friends were aware of the fact that the exchange sold non-existent cryptocurrencies to its customers.
Caroline, the girlfriend of Alameda CEO SBF, cooperated with the court in the first trial and accused SBF. After Sam received a 25-year sentence, Caroline received a 2-year sentence.
The other major development is that the SEC BlackRock The SEC postponed the decision regarding the spot ETH ETF option application made by
At the time of writing, BTC is above $64,000. If the price can break above the $65,000 resistance, this will be psychologically supportive for the bulls and targets of $68,000 and $70,000 will be on the agenda.
Disclaimer: The information contained in this article does not contain investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
