Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
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.
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.
S&P Global, a private banking company, will release a monthly change in British Flash Manufacturing Purchasing Managers Index (PMI) on January 24, 11:30 GMT+2. The index is a leading indicator of economic health as businesses react quickly to market conditions, and purchasing managers hold the most current and relevant insight into the company's view of the economy.
The United States Bureau of Labor Statistics will publish the US Consumer Price Index (CPI) m/m on January 12 at 15:30 GMT+2. The index measures a change in the price of goods and services purchased by consumers.