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Crypto assets demonstrate mixed performance
On Tuesday, crypto assets were nearly intact in Asia because the crypto space remained calm. Eventually, hopeful remarks from American securities official as for a Bitcoin exchange-traded fund drew some attention among the crypto investors.
The U.S. Securities and Exchange Commission Commissioner, Hester Pierce dared to back digital coins at his speech at the University of Missouri School of Law.
She told that he doesn’t appreciate traders jumping blindly at anything having to do with crypto assets. Nevertheless, she ascertained that his organization shouldn’t always stay away from such specific assets.
The US stateswoman added that policymakers as well as watchdogs should have existing rules updated to include fresh technological protocols. Pierce noted that the SEC is on the verge of clarifying when exactly securities laws might apply to cryptocurrency sales.
Her speech was delivered after on February 8 her counterpart Robert Jackson Jr told that a Bitcoin ETF would be accepted. The given news had Bitcoin underpinned, and the number one crypto asset has kept to an almost three-week maximum at $3,600.
On Tuesday morning in Asia trade, Bitcoin headed south by nearly 0.23% concluding the trading session at $3,619.2 by 11:11 PM ET.
In addition to this, the number two crypto asset, Ethereum managed to inch up by up to 0.30% being worth $120.55. As for XRP, this digital coin went down by 0.73% ending up with a reading of $ 0.30146. Litecoin headed south by 0.67% reaching $43.76.
Besides this, Spain’s major financial institution warned citizens of the risks coming from deals with unregulated digital coins. The Bank of Spain came up with a notice emphasizing that the country requires passing any legislation regarding crypto assets. The country’s major bank also told that crypto exchanges aren’t authorized or supervised by it either.
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Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.