Cryptocurrencies Price Prediction: SEC, Bitcoin & Central Banks – American Wrap 28 June

FXstreet
FXstreet

28 Jun 2023 5:59 PM

Bitcoin price has been keeping investors happy, sitting above the key support level of $30,000. This is expected to change as we move into July as Fed...

  • MicroStrategy, a business analytics firm, has continued to accumulate Bitcoin despite the recent downturn in the crypto market. They purchased 12,333 BTC for $347 million between April and June 27, 2023.
  • The price of Bitcoin has remained above the key support level of $30,000, but this may change as Federal Reserve Chair Jerome Powell hints at rate hikes and the possibility of a recession.
  • Gary Gensler, Chair of the US Securities and Exchange Commission (SEC), expressed concerns about the adoption of Artificial Intelligence (AI) and its impact on investor and market access. His comments negatively affected the prices of AI-based tokens.
  • The article includes a disclaimer stating that the information provided is for informational purposes only and should not be considered as investment advice. It also highlights the risks and uncertainties associated with investing in open markets.

The sentiment of the article is mostly neutral, providing information about recent developments in the crypto market and expressing concerns about the impact of AI on investor access.

Go to publisher site

You May Ask

What is MicroStrategy's recent purchase in Bitcoin?What is the key support level for Bitcoin's price?Who expressed concerns about the adoption of AI in the market?What risks and uncertainties are associated with investing in open markets?Does the article provide personalized investment recommendations?

Suggested Reads