Bitcoin continues to perform well, following last week’s remarkable rally. This renewed bullish momentum stems from several factors, including the United States (US) Treasury’s long-term bond buybacks and broader risk-on sentiment after the Securities and Exchange Commission (SEC) doubled down on efforts to establish clearer regulatory guidelines for the industry.
“Bitcoin and the broader digital asset market staged a strong relief rally, driven by two clear catalysts: the US Treasury's actions and renewed momentum from the SEC toward establishing a clearer regulatory framework for the industry,” Crypto Finance AG said in a comment to FXStreet.
$BTC #BTCReaches$80000 #OilHoldsLosses #ZECBreaksKeyResistanceUp75.5% #GoldHits$4700EndingSixMonthCorrection #SKHynixFalls5.63%AfterUnionRejectsWageDeal