Some technical analysts, however, say the signal is undermined by other factors, and macroeconomic events such as the U.S. inflation figure due today and Wednesday’s Federal Reserve decision will also influence bitcoin price performance. Still, the signal comes after BTC’s 16% decline from highs around $31,000 registered two months ago, raising questions about the sustainability of the bull revival witnessed early this year.
Does the SAB 121 Vote Mean Anything for Future Crypto Legislation?
Unfortunately however, the legislative measure is now heading to the desk of President Joseph Biden, who has vowed to veto...