Senior Macro Strategist at Bloomberg Intelligence, Mike McGlone, suggests that Ethereum (ETH) is currently unable to surpass the $2,000 price level following a failed attempt to do so during the recent stock rally.
The recent actions taken by the United States Securities and Exchange Commission (SEC) against two of the largest crypto exchanges, Binance and Coinbase, have elicited responses from professionals throughout the crypto sector.
The entities in Asia holding Bitcoin supply witnessed a 9.9% increase in 2023 due to the region's introduction of crypto-friendly regulations, as well as the tightening of U.S. regulatory stance.
Although the U.S. House of Representatives committee did not reveal all the topics to be discussed, the community anticipates that the hearing will cover significant concerns within the space.