Bitcoin Stalls Around $30,000 Amidst Regulatory Developments and SEC ETF Filings
![Bitcoin Stalls Around $30,000 Amidst Regulatory Developments and SEC ETF Filings](https://admin.es-fxmag-com.usermd.net/api/image?url=media/pics/bitcoin-stalls-around-30-000-amidst-regulatory-developments-and-sec-etf-filings.jpeg&w=1200)
Bitcoin remains anchored around the $30,000 level as no major developments have so far occurred with government action or regulation. The past week saw the SEC acknowledge ETF filings from BlackRock, Wise Origin Bitcoin Trust, WisdomTree Bitcoin Trust, VanEck Bitcoin Trust and Invesco Galaxy Bitcoin ETF.
The cryptoverse is still celebrating a partial victory after a federal judge said Ripple’s XRP token wasn’t a security when sold to retail investors on exchanges. The ruling is potentially paving the way for the House Republicans’ bill for a US crypto market overhaul. The Bitcoin consolidation seems like it isn’t going away just yet but it could if the House’s bill advances or if the Fed delivers a hawkish surprise.