Day: December 6, 2021

Bitcoin Settles Below $50K, What Could Initiate A Fresh Rally

Bitcoin declined heavily and it even spiked towards $40K against the US Dollar. BTC is recovering, but it must clear $50K for a steady increase in the near term. Bitcoin is attempting a recovery wave above the $47,000 and $47,500 levels. The price is now trading below $50,000 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $48,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a decent upward move if there is…

Asking Millionaires How Many Bitcoin They Have

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SEC Chairman Gary Gensler Stresses Crypto Markets Are Open to Manipulation, Investors Vulnerable – Regulation Bitcoin News

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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has called for more investor protection in crypto markets. “This asset class is rife with fraud, scams, and abuse in certain applications,” he said. “In many cases, investors aren’t able to get rigorous, balanced, and complete information on tokens or trading and lending platforms.” Gary Gensler Wants More Investor Protection in Crypto Markets SEC Chairman Gary Gensler raised concerns about the cryptocurrency markets at an Investor Advisory Committee meeting last week. The Investor Advisory Committee, established by Section…