Summary of the crypto market: house democrats to launch even corner act

Bitcoin and Ethereum Price update

Bitcoin (BTC) is currently negotiated at US $ 84,278.24, reflecting an increase of 1% in the last 24 hours. The day’s negotiation range experienced a summit of US $ 84,851.28 and a minimum of US $ 81,015.49.

Ryan Lee, Bitget Research chief analyst, told Cintelegraph that Bitcoin could fall more, “approaching $ 75,000 as a key support based on historical models and the feeling of traders.”

Ethereum (ETH) is at the price of US $ 2,213.28, a loss of 1.5% over the same period.

Cryptocurrency has reached an intraday summit of US $ 2,238.75 and a minimum of US $ 2,138.62. According to Crypto Intelligence Platform Lookonchain, the pirates who succeeded at $ 1.4 billion in crypto of decentralized scholarships had whitened more than $ 605 million in ether on Thursday, February 27.

Altcoin price update

• Solana (soil) is currently estimated at US $ 145.68, up 7.3% in the last 24 hours. Sol has a summit of US $ 147.16 and opened to a minimum of US $ 138.21. After its relative force index fell to its lowest level since June 2023, the cryptocurrency rebounded following an announcement that the Exchange Mercantile Chicago plans to launch Solana Futures on March 17.

• Xrp Negotiates to US $ 2.14, reflecting a drop of 0.8% in the last 24 hours. The cryptocurrency recorded an intraday summit of US $ 2.16 and a hollow of US $ 2.70.

• Sui (sui) is at the price of US $ 2.82, showing an increase of 1.6% in the last 24 hours. He reached a daily top of US $ 2.83 and a minimum of US $ 2.52.

• Cardano (ADA) is negotiated at 0.6306 USD. The last 24 hours have not shown no clear change. Friday, its highest price was US 0.6368, with a lower 0.6123 US.

Crypto news to know

House Democrats to launch an act of memes piece

The Democrats of the Chamber are preparing to introduce modern law in matters of emoluments and the application of embezzlement (even), which prohibits civil servants from taking advantage, approving, issuing or promoting digital assets.

California’s representative Sam Liccardo shared his party’s intention to respond to concerns concerning Thursday parts and potential conflicts with ABC News.

“Let us return the criminal of corruption again,” said Liccardo, a former federal and local criminal prosecutor.

“The issue of coins by the Trumps financially operates the public for personal purposes and raises the spectrum of the initiate of initiate and foreign influence on the executive power,” he added.

The memes law aims to establish clear guidelines for civil servants concerning digital assets. In other regulatory developments, the American Securities and Exchange (SEC) commission determined Thursday that the parts even are not titles. Consequently, traders are not required to record their transactions with the Commission.

However, Commissioner Caroline Crenshaw warned that the vague definition of the same parts commission could be used to possibly bypass the securities regulations.

Dry reports the decision on the ETHER options

The SEC has chosen to delay its decision on whether or not to authorize the funds negotiated by ether (ETF) to list on the CBOE. According to a Friday file, the SEC extended the deadline to make a final decision until May 2.

The CBOE seeks to list the options on the Fidelity Ethereum Fund (CBOE: FETH), initially submitting its request in August 2024. This is the second time that the SEC has been delayed from its decision, after having extended its deadline for the first time in October.

On February 7, the agency also delayed its decision to authorize the options related to the Ishars ETF (Nasdsaq: Etha) of BlackRock on the Nasdaq Ise, giving itself until April 9.

Blackrock understands Ishares Bitcoin confidence in model offers

Blackrock, a main global investment company, has incorporated Son Etf Bitcoin, the Ishares Bitcoin Trust (Nasdaq: Ibit), in its portfolio offers. “We believe that Bitcoin has a long -term investment merit and can potentially provide unique and additive sources for portfolio diversification,” Michael Gates, director of the Blackrock portfolio wrote on Thursday, wrote in a note obtained by Bloomberg.

The decision indicates growing acceptance among financial advisers to consider Bitcoin as a component of diversified investment strategies. However, BlackRock will limit the representation of Bitcoin within these portfolios to a fork of 1 to 2%, perhaps recognizing the volatility of the characteristic prices of Bitcoin, which was fully exposed this week.