The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have jointly unveiled a token taxonomy that classifies crypto assets into five categories. This latest guidance further confirms that most crypto assets are not securities, although the SEC explained how they could flip into securities. SEC Releases Token Taxonomy Classifying Digital
The post SEC, CFTC Unveil Token Taxonomy, Classifying BTC, ETH, XRP, DOGE as Non-Securities appeared first on CoinGape.
]]>News Explorer — Bitwise Plans to Unveil a Dogecoin ETF Pending SEC Approval, Offering Investors Exposure to DOGE Decrypt
Source link ]]>
Crypto Forecast 2025: XRP and Cardano Poised for Growth, Analysts Unveil 3 Under-$1 ‘Hidden Gems’ FinancialContent
Source link ]]>
Best Cloud Mining: VNBTC Unveil A Simpler Way to Earn Bitcoin and Dogecoin Profits Every Day CoinCentral
Source link ]]>
Shiba Inu Developer Asserts Revenue Key, Prepares Major Plan Unveil CoinCentral
Source link ]]>
Bitcoin and Cardano Price Crashes On Powell Speech, Remittix Set To Unveil Next-Gen Crypto Wallet TronWeekly
Source link ]]>
The price of Bitcoin (BTC) is still visibly consolidated after trading in a close range with a current $81,995.96, down 2.49% at the time of writing. While the outlook remains bearish, Bitwise CIO Matt Hougan has issued a $1 million forecast for the coin in the mid-term. In an investor note issued on March 18, Hougan uncovered why Bitcoin price reacts the way it does during an economic crisis.
Bitcoin Price and Macroeconomic Trend
According to the Bitwise executive in his weekly CIO memo, Bitcoin does not always behave like a hedge against crisis, which is why most people buy it. There are instances where BTC price reacts to macroeconomic news in correlation with the broader US stock market.
Ahead of the March 2025 FOMC Meeting, this consolidation in Bitcoin price is showing up again. Amid this uncertainty, the Bitwise CIO said staying invested in BTC is the recipe for long-term growth. He highlighted how the price of the coin largely soared over 190% in subsequent years after a dip.
He labeled this trend a “dip then rip” phenomenon, one he believes might soon play out for the coin. Using the Discounted Cashflow Analysis (DCA) discount factor, Hougan projected that a $1 million Bitcoin price target by 2029 implies a net value of $218,604 today if investors apply a 50% discount.
Where is the BTC Price Heading?
In his analysis, Matt Hougan showcased the correlation between BTC and the US Tariff war. He highlighted how BTC’s reaction solely hinges on its low liquidity. Per the analysis, in the short term, the geopolitical tariff war injects liquidity into the market.
If this trend does not change in the short term, it might favor the coin as Bitcoin serves as a hedge against economic uncertainty. While many have speculated about the future of the coin, Matt Hougan reiterated Bitwise’s long-term price target of up to $1.1 million for Bitcoin.
At the moment, the coin traded within a tight range, moving from a low of $81,179.99 to a high of $84,230. The headwind is not cleared, but experts, including Cathie Wood, have predicted a deflationary boom ahead.
Regulations to Boost Market Outlook
According to ecosystem projections, the US government’s pivot to set up a strategic Bitcoin reserve might play a long-term role in shaping the asset’s future.
With a decisive move by proponents like Senator Cynthia Lummis, who re-introduced the Bitcoin Act Bill, institutional investors’ confidence in the coin is growing. The shifting regulation around BTC is also spreading to other asset classes, like stablecoins in the ecosystem.
Godfrey Benjamin
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Tired of Waiting for Cardano’s Breakout? Analysts Unveil New Altcoins Ready to Make Real Gains in the Next Bull Run Crypto News Flash
Source link ]]>
What’s Next for Shiba Inu (SHIB) Price? Bollinger Bands Unveil Epic Scenario U.Today
Source link ]]>
Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott’s dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers.
Scott’s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott’s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life.
With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others.
Scott’s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott’s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry.
Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors.
In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else.
Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies.
Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.
✓ Share: