Copy Trading on BingX: What it’s about and how you can Benefit from it
New York Department of Financial Services Approves Virtual Currency Assessment Regulations

U.S. House Committee Publishes Draft Stablecoin Bill

Join the Trading Community: Learn & Earn with BingX.

Today’s Cryptocurrency Headline

The U.S. House Financial Services Committee has released a draft version of a potential landmark stablecoin bill, proposing measures including a temporary suspension of stablecoins backed by other cryptocurrencies and examining the potential impact of Central Bank Digital Currencies (CBDCs). In addition, the House Financial Services Subcommittee will hold a hearing on stablecoins this Wednesday, with participants including Circle’s Dante Disparte, Blockchain Association’s Jake Chervinsky, Columbia University Professor Austin Campbell, and New York Department of Financial Services Superintendent Adrienne Harris.

BingX’s Bitcoin Chart

Source: TradingView & BingX

Over the last 24 hours, Bitcoin has experienced a 0.08% decrease, reaching an intraday low of $30,120.00. The largest was trading around the $30,000 price level during the weekend, indicating that bears are unlikely to concede without a struggle. The gradually upsloping 20-day EMA and the RSI in the overbought territory indicate an advantage to the buyers. If the BTC/USDT pair sustains its position above $30,000, it could rise to $32,000.


Disclaimer: BingX does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. BingX is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the article.