US Securities and Exchange Commission (SEC) took a new step for the cryptocurrency market. The Commission has established a special working group that will create a regulatory framework for cryptocurrencies. The working group will be led by Hester Peirce, known as the “Crypto Mother”. According to QCP Capital, this move by the SEC may correspond to the long-awaited turning point in the cryptocurrency world.
SEC’s Move Supported the Positive Tone
With the SEC’s new leadership cryptocurrency market This step taken towards regulation created a positive atmosphere in the market. Bitcoin $104,876.5After the disappointment experienced on the first day of the Trump era, it recovered and gained 3.8 percent in value and sat above the level of 105 thousand dollars.
Against this QCP Capital Analysts pointed out that investors are cautious about the possibility of Trump not fulfilling his promises regarding cryptocurrencies, as he has done in the past. For this reason, it was emphasized that Bitcoin’s upward potential remained limited.
Bitcoin futures, on the other hand, appear to be performing strongly. Especially short-term contracts attract great attention. The long position trend that intensified in the market last week supports the rise. As of today, buying positions have reached approximately 20 times the selling positions.
New Approval for Bitcoin from MicroStrategy Shareholders
MicroStrategyis determined to increase its Bitcoin investments. Company shareholders increased the total authorized number of shares of Class A common stock and preferred stock from 330 million to 10.3 billion in the transaction yesterday. This large-scale increase strengthened the company’s capital base. MicroStrategy is thus in the Nasdaq 100 Index Nvidia, Apple, Alphabet And Amazon It left behind leading companies outside of Turkey.
The company has a plan to raise $42 billion through equity and convertible bond issues by 2027. In line with this goal, MicroStrategy, which still has a share issuance capacity of $ 5.42 billion, BTC It looks like it will continue to increase its investments.
Disclaimer: The information contained in this article does not constitute 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.
