TradingKey – U.S. SEC Approves Crypto Regulatory Proposal, Bitcoin Surges to Test $65,000
On August 19, the price of Bitcoin (BTC) rose slightly, fluctuating above $64,000. Yesterday, driven by favorable policy news, Bitcoin and the broader crypto market saw a sentiment rebound, with its price surging rapidly to approach the key psychological barrier of $65,000, but remaining constrained by resistance at $67,000.
Bitcoin price chart, Source: TradingView
On August 18, the U.S. Securities and Exchange Commission (SEC) officially passed a new regulatory proposal named the “Crypto Asset Regulations”. This regulatory framework, tailored specifically for the crypto industry, is viewed by the market as a major turning point in the U.S. regulatory…
