Forex. Cryptocurrency Forecast for today
In the Asian session, digital gold has already stopped at a higher level in the range of $57,000. The capitalization of the cryptocurrency market by the end of Wednesday amounted to 2.35 trillion US dollars against 2.30 Tuesday. Such a consistent increase in the depth of the market indicates a possible rally at the end of this year. In our forecast for bitcoin, we also lay down the seasonal nature of the asset's growth.
Trading is affected by concerns about pressure on the US stock market. The US corporate reporting season is just around the corner, and the forecasts are disappointing, because the demand for protective assets is resuming.
The following should be highlighted from the news. SEC Commissioner Caroline Crenshaw opposed calls to create a "safe harbor" that would protect ICO initial proposal projects from accountability to the regulator. According to the representative of the regulator, instead of a "harbor", a "bridge" is needed between the participants of the crypto industry and the SEC. Then the projects will be able to become more transparent for interaction with the Commission.
According to media reports, in February 2020, SEC Commissioner Hester Pierce made a proposal to introduce a three-year regulatory vacation for startups. In April 2021, she presented the second version of the "safe harbor" for ICO projects.