Today we take a look at the technicals for Bitcoin and Ethereum.
The crypto market is starting to stabilize above recent lows.
There were comments made on Thursday by the Security Exchange commission (SEC) chairman Gary Gensler, signaling that the SEC is supportive of the commodities regulator (CFTC) having Bitcoin oversight.
This is a positive sign in the journey toward crypto regulations and market stability.
In addition, Ethereum is rolling out their 2.0 version which is currently going well.
The full version of it won't be available until 2023. However, so far all the security concerns and other issues related to the merger has been set aside.
Let's see how the crypto market respond and continues to evolve moving forward.
Watch this video to get the technical insights.
Good trading!
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From Coinbase
Bitcoin The world’s first cryptocurrency, Bitcoin is stored and exchanged securely on the internet through a digital ledger known as a blockchain. Bitcoins are divisible into smaller units known as satoshis — each satoshi is worth 0.00000001 bitcoin.
Ethereum is a decentralized computing platform that uses ETH (also called Ether) to pay transaction fees (or “gas”). Developers can use Ethereum to run decentralized applications (dApps) and issue new crypto assets, known as Ethereum tokens.