$BTC
Then came a sharp wave of short-covering that accelerated the rebound on Friday, as nearly $192 million in leveraged positions in cryptocurrencies were liquidated within a single hour, including more than $183 million in short positions. Bitcoin’s share of the short positions was about $119 million of the total.
Regulatory uncertainty continues to command attention, after the U.S. Senate failed to pass the CLARITY Act this week. Since then, the Commodity Futures Trading Commission (CFTC) has submitted a separate proposal for the cryptocurrency market to the White House Office of Management and Budget, though its details remain undisclosed.
The U.S. Securities and Exchange Commission (SEC) also announced an Innovation Exemption, which grants eligible platforms a five-year period to offer trading in tokenized assets on the chain in certain tokenized securities without registering them as securities exchanges.
In turn, the Commodity Futures Trading Commission (CFTC) issued relief measures that allow some software providers to connect users to regulated derivatives markets without registering as identified brokers, subject to specific restrictions.
Market indicators point to cautious optimism following Bitcoin’s recovery, as many traders estimated the likelihood of Bitcoin reaching the $84,000 level before falling back to $55,000—down 84%.
##BTCBreaks80K
Then came a sharp wave of short-covering that accelerated the rebound on Friday, as nearly $192 million in leveraged positions in cryptocurrencies were liquidated within a single hour, including more than $183 million in short positions. Bitcoin’s share of the short positions was about $119 million of the total.
Regulatory uncertainty continues to command attention, after the U.S. Senate failed to pass the CLARITY Act this week. Since then, the Commodity Futures Trading Commission (CFTC) has submitted a separate proposal for the cryptocurrency market to the White House Office of Management and Budget, though its details remain undisclosed.
The U.S. Securities and Exchange Commission (SEC) also announced an Innovation Exemption, which grants eligible platforms a five-year period to offer trading in tokenized assets on the chain in certain tokenized securities without registering them as securities exchanges.
In turn, the Commodity Futures Trading Commission (CFTC) issued relief measures that allow some software providers to connect users to regulated derivatives markets without registering as identified brokers, subject to specific restrictions.
Market indicators point to cautious optimism following Bitcoin’s recovery, as many traders estimated the likelihood of Bitcoin reaching the $84,000 level before falling back to $55,000—down 84%.
##BTCBreaks80K