Bitcoin Price Fails to Break $87K as CFTC Signals New Crypto Rules
Bitcoin rallied to an intraday peak of $86,969 before erasing most of the gains and returning to trade near $85,200 with a $1.71 trillion market cap. Bitcoin Rejection Near $87K Triggers Intraday Volatility Bitcoin wiped out early gains on Monday as the cryptocurrency again appeared to face rejection near $87,000 amid unusual volatility for a […]
Key Takeaways
- Bitcoin rallied to an intraday peak of $86,969 before erasing most of the gains and returning to trade near $85,200 with a $1.71 trillion market cap.
- Bitcoin Rejection Near $87K Triggers Intraday Volatility Bitcoin wiped out early gains on Monday as the cryptocurrency again appeared to face rejection near $87,000 amid unusual volatility for a […]
- Read the full article for additional context and details.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
More in Web3
CFTC Opens Crypto Rulebook as Selig Tells Industry ‘Build Here’
The CFTC took the wraps off a potentially sweeping U.S. crypto market framework Monday, opening a 60-day public comment period on rules covering retail crypto commodity transactions. Chairman Michael S. Selig paired the move with an unusually direct message…
Why Are Financial Firms Becoming Blockchain Validators? Amber Joins XDC
Amber Premium is moving deeper into blockchain infrastructure. The digital asset platform, owned by Nasdaq-listed Amber International, has joined XDC Network as a masternode validator through its Singapore business, Sparrow Tech. That means Amber will now…
Treasury withdraws crypto mixing rule, citing concerns over ‘chilling effect on legitimate activity’
FinCEN is withdrawing a proposal that would've designated crypto mixing a "primary money laundering concern" under the PATRIOT Act.