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Bitcoin (BTC) price remains bearish, but there is hope, after the US Department of Justice may just have cleared the path for the approval of spot BTC exchange-traded funds (ETFs). According to some analysts, one of the stumbling blocks to the approval was the dominance of Binance exchange in the industry.
Cryptocurrency market capitalization dropped 1.7 percent in the past 24 hours to $1.39 trillion, as markets digested the latest developments in the U.S. government's regulatory action against the world's largest cryptocurrency exchange, Binance.
The fintech start-up adds crypto payments to its ecosystem, enabling payments directly from crypto-currency wallets.
Cryptocurrencies slipped to the overnight negative territory amidst regulatory uncertainty triggered by SEC's action against Kraken cryptocurrency exchange and the monetary policy uncertainty ahead of the release of the FOMC minutes.
Last week saw the significant updates from Bluesky and its upcoming launch. This week on CryptoWatch centers on the future of the blockchain, particularly the famed decentralized platform from Jack Dorsey, Bluesky, which saw a significant achievement earlier last week.