Cryptoamerica reveals major updates on the structure of the Crypto Us market: What traders need to know | Flash news details

The cryptocurrency market witnessed a noticeable reaction today after the issuance of a draft discussion of the draft law of the updated market structure, as expected in the Cryptoamerica bulletin published at 8:00 am on October 10, 2023. This legislative development, which was hurt during a conversation with the representation of French Hill last week (as shown in NewSlet Arsters, on October 10, 2023). The draft, which was issued at 10:30 am, EST on October 10, 2023, aims before the joint session of the Financial Services Committee and the Agriculture Committee in the House of Representatives to be held on October 11, 2023, to redefine the regulatory frameworks of the digital assets in the United States. Immediately after the outbreak of the news, Bitcoin (BTC) witnessed a 3.2 % increase in prices, moving from $ 27,800 to $ 28,690 between 10:30 am and 11:00 a.m. East US time, according to CoinMarkcap, CoinMarketc data was accessed on October 10 (ETHEREUM). 2023). Trading pairs such as BTC/USDT and ETH/USDT recorded a rise in size, as BTC/USDT transactions increased by 18 % to 1.2 million merchants within an hour of the advertisement, according to Binance Trade’s records at 11:30 am (Binance data, October 10, 2023). The scales on the series from Glassnode also indicated a 12 % increase in the activity of Bitcoin, where it recorded 45,000 new active titles between 10:00 am and 12:00 pm EST, indicating an increase in market participation (Glassnode, October 10, 2023). This legislative update is seen as a possible incentive for market stability in the long run, especially as it addresses the main concerns about the market structure and the protection of investors, which were pain points for the encryption industry (newsletter of Cryptoamerica, October 10, 2023).

The effects of this draft law on the law are multi -faceted and provide many opportunities for both short -term and long -term strategies. As of 1:00 pm EST on October 10, 2023, the market feels upward, as the fear and greed index moves from 45 (neutral) to 58 (greed) within hours of the issue project, as mentioned by the alternative. For trading pairs such as BTC/ETH, the RSI (RSI) analysis shows that Bitcoin outperforms a little ETHEREUM, with BTC/ETH RSI 62 compared to ETH/USDT at 58 as of 2:00 pm EST (Tradingview, October 10, 2023). This indicates the possibility of swinging trading in favor of bitcoin on Ethereum in the short term. In addition, ALTCOINs has witnessed decentralized financing (Defi) such as ChainLink (Link) an increase of 4.1 % to $ 7.85 from $ 7.54 between 11:00 am and 1:00 pm EST, and perhaps due to expectations of Defi favorable regulations on the bill (Coingecko, October 10, 2023). Data on the series of sand dune analysis reveal a 15 % increase in the volume of Defi, reaching $ 3.2 billion in 24 hours after the news at 10:30 am USA Analytics, October 10, 2023). Traders who focus on the “effect of encryption regulation” and “increased bitcoin prices 2023” must closely monitor these developments, as the advancement of the bill can increase fluctuations. For those who explore the chances of Crypto Crossover, the organizational clarity may enhance the AI’s trading platforms, with the vision of symbols such as Fetch.ai (Fet) a modest increase of 2.5 % to $ 0.22 from 2:30 pm EST, which reflects the increase in interest in the Blockchain solutions. AI-Coinmarkcap, October 10, 2023).

From a technical perspective, the main indicators and size data emphasize the market’s reaction to this legislative news. As of 3:00 pm EST on October 10, 2023, via average (MA), which lasted 50 days for a 200-day Master, which constitutes a golden cross-a bullish sign for its long-term owners, according to the TRADINGVIEW (TradingView scheme, October 10, 2023). BTC/USDT trading on major stock exchanges such as Coinbase increased by 22 %, reaching 850,000 transactions between 11:00 am and 2:00 pm EST, indicating strong purchase pressure (Coinbase data, October 10, 2023). Bolinger ranges from ETHEREUM greatly tightened, with a top scope of $ 1,680 and lowered at $ 1650 at 3:30 pm EST, indicating an imminent (Tradingvief, October 10, 2023). The scales on the series of Santiment show a 10 % increase in ETH WHELE (more than $ 100,000) in the same time frame, hinting to accumulation by senior players (Santiment, October 10, 2023). As for the AI’s symbols, various trading volumes (FET) and Singularity (AGIX) increased by 8 % and 6 %, respectively, between 12:00 pm and 3:00 pm EST, and are linked to the optimism of the wider market and interest in AI-Blockchain (Coingecko, 102 October). The relationship between the developments of artificial intelligence and the feeling of encryption here is evident here, as artificial intelligence symbols interact with organizational news that may affect Blockchain innovation. Traders looking for “Crypto AI” or “Fetch.ai Price Analysis 2023” should note that this legislative clarity can push more artificial intelligence dependence on trading algorithms, which may increase the demand for these symbols. In general, the project of discussing the market structure bill has identified a positive tone, monitoring these technical levels as well as legislative updates will be decisive to enlightened trading decisions.

In short, injecting the issuance of the market structure bill on October 10, 2023, a new momentum in the encryption market, with large price movements, nails in size, and activity on the chain to support the upcoming expectations. For those interested in questions that are repeatedly asked, such as “How does the organization affect the price of bitcoin?” , The instant BTC price increases after the cancellation at 10:30 am directly positively related (Coinmarketcap, October 10, 2023). Another common inquiry, “Can Amnesty International’s symbols be answered in 2023?” By monitoring the steady rise in Fet and AGIX trading sizes, indicating increasing interest amid organizational developments (Coingecko, October 10, 2023). Maintaining updating with these trends will be a key to merchants who aim to take advantage of this advanced scene.