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Crypto Market Update Today: Bitcoin $63K-$64K Par Stable, Harmony Protocol Exploit Aur SEC Rules Ka Dabao
@GeniusOfficial
Amid today’s crypto market’s technical and regulatory developments, the situation feels stuck. Bitcoin (BTC) is trading between $63,000 and $64,000. Traders are very cautious right now because upcoming U.S. inflation (CPI) data will determine the market’s next direction. If inflation comes in higher, further pressure could build on crypto prices.
$BTC
On the other hand, a major security update has emerged: Harmony Protocol has confirmed that a large exploit occurred on its network, in which a hacker minted 4 billion ONE tokens using unauthorized methods. Along with this bad news, Bitwise company has also laid off 14% of its workforce (terminated positions) after observing the market’s cold conditions.
On the regulatory front, the SEC (Securities and Exchange Commission) is preparing to bring new frameworks and safe-harbor rules for crypto assets, so that fraud in the market can be prevented.
Market experts say that until U.S. macro data becomes clear, Bitcoin will continue to move in this same range-bound zone. If you are trading altcoins, you should use stop-losses right now because a volatile situation has formed.
Writer: Sahil-$indhi
$GENIUS
#CryptoNewsUrdu #BitcoinUpdate #CryptoMarketToday #BitcoinPrice #HarmonyProtocol #SECRegulations #CryptoPakistan # #Web3Updates #CryptoTradingUrdu
@GeniusOfficial
Amid today’s crypto market’s technical and regulatory developments, the situation feels stuck. Bitcoin (BTC) is trading between $63,000 and $64,000. Traders are very cautious right now because upcoming U.S. inflation (CPI) data will determine the market’s next direction. If inflation comes in higher, further pressure could build on crypto prices.
$BTC
On the other hand, a major security update has emerged: Harmony Protocol has confirmed that a large exploit occurred on its network, in which a hacker minted 4 billion ONE tokens using unauthorized methods. Along with this bad news, Bitwise company has also laid off 14% of its workforce (terminated positions) after observing the market’s cold conditions.
On the regulatory front, the SEC (Securities and Exchange Commission) is preparing to bring new frameworks and safe-harbor rules for crypto assets, so that fraud in the market can be prevented.
Market experts say that until U.S. macro data becomes clear, Bitcoin will continue to move in this same range-bound zone. If you are trading altcoins, you should use stop-losses right now because a volatile situation has formed.
Writer: Sahil-$indhi
$GENIUS
#CryptoNewsUrdu #BitcoinUpdate #CryptoMarketToday #BitcoinPrice #HarmonyProtocol #SECRegulations #CryptoPakistan # #Web3Updates #CryptoTradingUrdu
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