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Will Bitcoin ever trade below $27,000 again?

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On this week’s episode of The Market Report, Cointelegraph’s resident expert discusses whether Bitcoin will ever be below $27,000 again. Have you missed your chance to purchase some sats at sub $30,000 levels? In the latest episode of The Market Report, analyst and writer Marcel Pechman analyzes some data to conclude whether Bitcoin (BTC) will ever trade at $27,000. Some analysts attribute Bitcoin’s recent 21.5% gains to BlackRock’s spot Bitcoin exchange- trade d fund (ETF) filing, but other events might have also fueled the cryptocurrency gains. Pechman asserts that, following a period of enforcement actions by regulators against exchanges allegedly acting as unregistered securities brokers, the United States crypto regulatory environment has improved. More recently, the U.S. Securities and Exchange Commission has drawn opposition in Congress and the Federal Reserve. That shows just how conflicting the U.S. government’s views on crypto regulation are. Pechman shows how Bitcoin futur...

Hong Kong watchdog aims to restrict retail traders to liquid products

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When asked about Bitcoin or Ether, SFC executive Julia Leung Fung-yee did not respond but reiterated that “highly liquid” will be allowed. When the new licensing program that is scheduled to take off in June arrives, retail traders in Hong Kong will be limited to “highly-liquid” digital assets, according to the new CEO of Hong Kong's Securities and Futures Commission (SFC), Julia Leung Fung-yee. At the recent Asia Financial Forum, Leung reportedly pointed out that many digital asset platforms have thousands of products. However, the SFC executive highlighted that they are not planning to "allow retail investors to trade in all of them." Instead, the SFC will set up a criteria that allow retail traders to only trade major virtual assets. Cast your vote now! While the SFC executive did not provide more details as to which assets will be available for trading, Leung mentioned that these will be assets with "deep liquidity." When asked about Bitcoin (BTC) or Eth...