Within the newest episode of The Market Report, analyst and author Marcel Peckmann analyzes some information and concludes:BTC) would commerce at $27,000. Some analysts attribute Bitcoin’s latest 21.5% rise to BlackRock’s spot Bitcoin exchange-traded fund (ETF) submitting, however different occasions could have fueled the cryptocurrency’s rally. have a nature.

Peckman argues that the U.S. crypto regulatory atmosphere has improved after a interval of regulatory enforcement motion in opposition to exchanges allegedly working as unregistered securities brokers. Most lately, the US Securities and Trade Fee has confronted opposition from Congress and the Federal Reserve. This reveals how contradictory the US authorities’s views on cryptocurrency regulation are.

Learn extra on Cointelegraph