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Bitcoin Forms a Triple-Top Pattern
Bitcoin price retreated on Tuesday and Wednesday morning after a series of important regulatory stories in the industry. The BTC/USD pair dropped to a low of 36,260, which was much lower than the year-to-date high of 38,000. Regulatory concerns remain There have been several important crypto-related stories this week. On Monday, the Securities and Exchange Commission (SEC) sued Kraken, a leading American crypto exchange. In the lawsuit, the agency said that Kraken operated as an unregistered securities business and that it mixed its customer funds with its own. By doing that, the SEC alleged that the company put ... (full story)