The SEC’s Crypto Task Force is a significant regulatory move aimed at addressing crypto market challenges. Investors are reacting positively, leading to notable price movements in Bitcoin, which rebounded sharply after the announcement.
Despite a shrinking risk appetite, the overall crypto market remains volatile. Historical trends suggest that Bitcoin has the potential for a bullish Q1, especially if regulatory actions align favorably. This optimism is heightened with a strong expectation of rate cuts in the upcoming FOMC meeting.
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