usa crypto Archives - Coin Engineer https://coinengineer.net/blog/tag/usa-crypto/ Btc, Coins, Pre-Sale, DeFi, NFT Tue, 07 Jan 2025 11:37:56 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://coinengineer.net/blog/wp-content/uploads/2024/04/cropped-Coin-Engineer-Logo-Favicon-2-32x32.png usa crypto Archives - Coin Engineer https://coinengineer.net/blog/tag/usa-crypto/ 32 32 When Does the Altcoin Bull Run Start? https://coinengineer.net/blog/when-does-the-altcoin-bull-run-start/ https://coinengineer.net/blog/when-does-the-altcoin-bull-run-start/#respond Tue, 07 Jan 2025 13:00:48 +0000 https://coinengineer.net/blog/?p=34529 Even though Bitcoin has moved, there has been no rally or movement observed in altcoins. So when can this movement come? First, let’s take a look at the BTC.D chart: When we look at the dominance chart on a weekly basis, we can see that the upward trend has broken and there has been a

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]]> Even though Bitcoin has moved, there has been no rally or movement observed in altcoins. So when can this movement come? First, let’s take a look at the BTC.D chart: When we look at the dominance chart on a weekly basis, we can see that the upward trend has broken and there has been a pullback to the trend. If this formation moves according to expectations, there should be a downward movement from here, meaning a downtrend should start. The first support point for this decline is at the 48% level.BTC.D

So, where is the second signal point we can get? That will be the Total 3 chart. In the Total 3 chart, there was a cup-and-handle formation, and after the breakout, a throwback to the breakout band occurred. Currently, the target for Total 3 will be the 2.1T level.

TOTAL

As a result, considering these two factors and taking into account that in previous cycles, market activity started from this month, we can say that the bull market for altcoins may start soon.

US

Additionally, the holiday season in the US has ended, and Trump is transitioning into the presidency. This development could signal the start of a crypto wave in the US. Also, some large companies are starting to raise funds for investment. For example, Microsoft’s $80 billion fund set aside for AI acquisitions indicates that there could be a big hype in the AI sector.

Most likely, the rally in altcoins will start with the AI category, and then movement can be observed in other altcoins sequentially.

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]]> https://coinengineer.net/blog/when-does-the-altcoin-bull-run-start/feed/ 0 60 Crypto Companies Supported the FIT21 Bill https://coinengineer.net/blog/60-crypto-companies-supported-the-fit21-bill/ https://coinengineer.net/blog/60-crypto-companies-supported-the-fit21-bill/#respond Sat, 18 May 2024 13:11:44 +0000 https://coinengineer.io/?p=20774 60 crypto organizations have announced their support for the Republican Party-led “Financial Innovation and Technology Act for the 21st Century”(FIT21), which will be voted on next week. In addition to crypto exchanges Gemini, Kraken and Coinbase, companies such as Andreessen Horowitz and Digital Currency Group were among those who supported this bill. Content of the

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]]> 60 crypto organizations have announced their support for the Republican Party-led “Financial Innovation and Technology Act for the 21st Century”(FIT21), which will be voted on next week.

In addition to crypto exchanges Gemini, Kraken and Coinbase, companies such as Andreessen Horowitz and Digital Currency Group were among those who supported this bill.

Content of the Support Letter and Draft Law

In a letter initiated by the Crypto Innovation Council and sent to House Speaker Mike Johnson and House Minority Leader Hakeem Jeffries on Thursday, supporting companies urged House members to pass the bill. FIT21 will bring “new compliance challenges” for crypto firms, but the need for clear rules was emphasized.

“Currently, digital asset firms are instructed to somehow comply with U.S. securities laws that were designed nearly 100 years ago and created without consideration for today’s technological advances, laws that have not been updated to cover transactions moving at internet speed,” the letter said.

What Changes Does the FIT21 Law Bring?

The Republican Party-led FIT21 is taking a comprehensive approach to regulating crypto in general, shifting more responsibility to the Commodity Futures Trading Commission (CFTC).

“As we all know, no law is perfect. This law creates a comprehensive federal regulatory framework that has been missing,” Ji Kim, head of global policy at the Crypto Innovation Council (CCI), said in an emailed statement. “We look forward to working with policymakers to advance the industry in a way that best protects consumers and ensures innovation stays in the United States.”

Supporting Companies

In addition to crypto exchanges such as Gemini, Kraken and Coinbase, companies such as Andreessen Horowitz and Digital Currency Group also signed the letter.

This support demonstrates crypto firms’ long-awaited demands for clear regulatory frameworks and the industry’s desire to continue innovation in the US. Next week’s vote could be a critical juncture for the crypto industry.

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