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The future of crypto is looking promising, with many countries and regulatory bodies working to establish clear laws and guidelines to govern its use. In fact, some nations have already made significant strides in this area. For instance, El Salvador, Prospera, Honduras, Madeira, and the Central African Republic have all approved Bitcoin as a legal tender As crypto continues to gain mainstream acceptance, regulatory frameworks are evolving to address new challenges and opportunities. Stricter AML (Anti-Money Laundering) and KYC (Know Your Customer) requirements are being implemented to enhance market oversight and prevent potential risks In the US, the Securities and Exchange Commission (SEC) is playing a key role in shaping the regulatory landscape for cryptocurrencies. The SEC's stance on cryptocurrencies will have a significant impact on the industry in the coming years Meanwhile, the UK has made notable progress in establishing rigorous legislative frameworks to regulate crypto. The Economic Crime and Corporate Transparency Act 2023 and the Financial Services and Markets Act 2023 are two notable examples Overall, it's clear that the future of crypto is intertwined with the development of clear and effective regulatory laws. As the industry continues to evolve, we can expect to see more countries and regulatory bodies working to establish frameworks that balance innovation with security and stability
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Market trending upward ---- tie your horses in Long Margin Trading #floki
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All begin with it's end in mind ! #BTCSoarsTo68K #bearish trend coming
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whole market just entered a new phase. In red market, BTC went down slowly 1-2% and Alts went down 5-10% in BTC fluctuation At this point, even BTC goes down 5-7% and strong alts don't affect anything.
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Crypto Buying Selling trend Analysis Bitcoin Trader Sees Prices Slumping to $60K as Crypto Bulls See $650M in Liquidations..... Crypto market capitalization dropped 7%, with major tokens like bitcoin, ether, and others falling sharply in the past 24 hours. The decline was triggered by higher-than-expected inflation data and profit-taking by some traders, with some analysts predicting further losses before a potential rebound. Crypto market capitalization dropped 7%, its sharpest fall this year, as bitcoin (BTC) plunged 8% in the past 24 hours to wipe weekly gains and kickstart a marketwide decline. Bitcoin slumped from Thursday’s high of $73,000 to as low as $65,800 early Friday before slightly recovering. Meanwhile, Coindesk 20, a broad-based index of most liquid cryptocurrencies, was down 8.25%. Ether (ETH), Cardano’s ADA, BNB Chain’s BNB and XRP showed similar losses, while volatile meme coins dogecoin (DOGE) and shiba inu (SHIB) fell 13%. Solana’s SOL tokens were the only major token in green, up 1% since Thursday. “New historical highs are a trigger for selling,” shared Alex Kuptsikevich, FxPro senior market analyst, in an email to CoinDesk. “Some players are taking profits, which raises the question of whether there will be enough hot buyers at current levels or whether the majority will prefer to wait for a deeper correction.” “In a corrective scenario, the $65.0-65.5K and $60.0-60.5K areas are of particular interest, as they contain important round levels (significant for retail) and the 76.4% and 61.8% Fibonacci retracement lines,” Kuptsikevich added. #HotTrends #BTC
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