HomeInvestmentsCryptocurrencySEC Declares War on Crypto: Bitcoin and Ethereum Under Attack!

SEC Declares War on Crypto: Bitcoin and Ethereum Under Attack!


Bitcoin’s Price Rollercoaster Bitcoin, the leading cryptocurrency, experienced significant price volatility.

It initially plunged due to significant outflows from Grayscale’s Bitcoin ETF.

However, the release of the Federal Reserve’s press conference sparked a rally, with the anticipation of lower interest rates providing a catalyst.

Nonetheless, the possibility of a broader market downturn remains a concern.

Ethereum’s Regulatory Scrutiny The Securities and Exchange Commission (SEC) is reportedly investigating entities associated with Ethereum, raising questions about its potential classification as a security.

Despite the uncertainty, Ethereum’s price has shown resilience, particularly against Bitcoin.

The long-term outlook for Ethereum remains contingent on the SEC’s actions and the ETF application process.

EU’s Crackdown on Crypto Payments The European Union has passed legislation that restricts crypto payments from self-custodial wallets.

The move stems from concerns about illicit activities and strengthens European regulators’ oversight of the crypto industry.

This could significantly impact crypto adoption in the region.

Central Banks Signal Rate Cuts The Federal Reserve has hinted at lowering interest rates later this year, while the Swiss National Bank has already implemented a surprise rate cut.

These measures aim to stimulate economic growth and could have positive implications for cryptocurrencies, historically sensitive to monetary policy.

Top Performing Cryptocurrencies Over the past week, several cryptocurrencies have made notable gains: Ono: Pumped due to BlackRock’s tokenized fund launch on Ethereum.

Stack (STX): Benefitted from hype surrounding the upcoming Nakamoto upgrade.

Toncoin (TON): Rallied on news of increased community rewards.

eCash (XCC): Surged after an exchange listing and a recent upgrade.

Fantom (FTM): Anticipated its Sonic upgrade, which should enhance its speed and performance.

  • Key Takeaways

Central banks may be signaling rate cuts, potentially aiding cryptocurrencies.

The Federal Reserve’s hints indicate the possibility of interest rate lowering, a sensitive environment for cryptocurrencies, providing potential support for their value.

Ethereum faces scrutiny while relying on its ETF fate

Ethereum’s potential classification as a security brings uncertainty but maintains a view of regulatory interest.

The progress of its ETF application can impact its long-term outlook.

Bitcoin’s price has experienced recent volatility.

A decline due to outflows from the Grayscale ETF followed by an increase sparked by lower interest rate expectations showcase the significant price fluctuations Bitcoin endures.

latest articles

explore more