CryptoMediaClub
Sunday, July 27, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Bitcoin

Bitcoin retracing? Here are the odds of it returning to $28K

19.04.2023
A A
0
125
VIEWS
ShareShare

In today’s Market Report episode, analyst and writer Marcel Pechman covers the regulatory environment that has been limiting Bitcoin’s (BTC) upside and the odds of a dump at $28,000. The show airs every Tuesday on the Cointelegraph Markets & Research YouTube channel.

The first news article discussed is crypto exchange Bittrex and its founder being charged by the SEC. More importantly, United States Securities and Exchange Commission Enforcement Division Director Gurbir Grewal said that such “action should also send a message to other non-compliant crypto market intermediaries.”

In Pechman’s opinion, that’s an explicit reference to Binance, Bybit and OKX, which have notoriously taken U.S. clients through VPN and other evasive strategies. Marcel does not believe that the SEC has a case besides a multimillion-dollar fine and forcing Bittrex to shut down operations in the U.S.

On to the show’s next topic, Pechman discusses the U.S. Congress draft stablecoin bill. The scary part? Failure to register as an issuer could result in up to five years in prison. Moreover, according to the draft bill, “issuers out of the U.S. would have to seek registration to do business in the country.”

The proposal also places a “two-year ban on issuing, creating, or originating stablecoins not backed by tangible assets.” In Pechman’s view, there’s a clear statement: Legislators do not want algorithmic-backed stablecoins or any operation that is not backed by U.S. dollars or U.S.-denominated, short-term bonds.

But, according to Pechman, there is no reason to panic-sell any stablecoin solely based on this. Sure, there could be impacts for Tether (USDT) and Dai (DAI), but that is subject to voting and court rulings.

In the last part of The Market Report, Pechman argues whether the U.S. court has any real power over Justin Sun, Tron’s founder. Pechman illustrates why this move shows desperation by regulators and how coincidental it is that multiple agencies are pressing charges on crypto businesses and payment processors over five years after their launch.

Given the extreme regulatory FUD scenario, Pechman would not be surprised if Bitcoin retests the $28,000 level.

The Market Report airs every Tuesday, so be sure to head on over to the Cointelegraph Markets & Research YouTube page and smash those Like and Subscribe buttons for all our future videos and updates.

Share10Tweet6ShareSharePin2

Related Posts

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge
Bitcoin

Coinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge

15.07.2025
0

BitcoinWorldCoinbase’s Astounding $100 Billion Milestone Amidst Bitcoin’s Record Surge The cryptocurrency world is buzzing with excitement, and for good reason!...

Read moreDetails
Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

Bitcoin’s Unseen Ascent: Why Market Euphoria Is Still Ahead, According to Alphractal CEO

14.07.2025
Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

Bitcoin Holdings Soar: The Blockchain Group’s Momentous Digital Asset Accumulation

14.07.2025
Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

Bitcoin’s Astonishing Anomaly: Why Public Search Interest Remains Low Despite Record Highs

14.07.2025
Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

Bitcoin Treasury Strategy: Unleashing Growth with The Blockchain Group’s $3.52M Boost

08.07.2025
Load More
Next Post
Coinbase may face years-long court battle with SEC, CEO warns: Report

Coinbase may face years-long court battle with SEC, CEO warns: Report

0 0 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Bitcoin Blockchain Used to Preserve Classic Video Games

Bitcoin Blockchain Used to Preserve Classic Video Games

2 years ago
Shibarium Reloaded: Shiba Inu’s Layer-2 Network Bounces Back Stronger Amid Launch Hiccups

Shibarium Reloaded: Shiba Inu’s Layer-2 Network Bounces Back Stronger Amid Launch Hiccups

2 years ago

Market volatility spikes after Powell hints Fed could slow rate hikes amid banking stress

2 years ago
Ethereum price drops to a 7-month low as data points to more downside

Ethereum price drops to a 7-month low as data points to more downside

2 years ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Increased market volatility as the U.S.–Europe tariff deadline looms

What if Strategy Had Invested in XRP Instead of Bitcoin? 

Ethena Up 21% After $360M USDe Deal – Can ENA Hit $1?

After the Passage of the Genius Act, ALL4 Mining and XRP Will Help Investors Open a New Chapter in Mining Income

Bitcoin Price Prediction: All Eyes on This Descending Triangle Chart Pattern – 100% Move Coming?

Trending

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains
All news

Solana Price Prediction: SOL Breaks Key Resistance – What This Means for Future Gains

27.07.2025
0

Solana’s price continues to consolidate around the $185 level, following its successful breach of a critical resistance...

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

Bitwise CIO Bets on Bitcoin Rally in 2026, Defying 4-Year Cycle

27.07.2025
Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

Ethereum Price Prediction: ETFs Log 17-Day Inflow Streak – Is a Supply Shock Coming?

27.07.2025
Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

Bitcoin Price Prediction: Satoshi-Era Whale Exit Fuels Volatility — What’s Next?

27.07.2025
Increased market volatility as the U.S.–Europe tariff deadline looms

Increased market volatility as the U.S.–Europe tariff deadline looms

27.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz