The house is looking for technical visions to update the structure of the Crypto Fit21 market | Flash news details

On April 17, 2023, French actor Hill, Chairman of the Financial Services Committee in the House of Representatives, shared insightful visions on the continuous development of the Fit21 Market Temple Bill. According to a tweet by Cryptoamerica_, the House of Representatives used the Easter break to obtain technical assistance from industry experts, the Securities and Stock Exchange Committee (SEC), and the CFTC futures trading committee to improve the draft law (Source: Cryptoameric_ on Twitter, April 17, 2023). This cooperative approach refers to an important step towards creating a comprehensive organizational framework in the United States. The Fit21 bill aims to provide clear guidelines for digital assets, which may affect trading dynamics across various cryptocurrencies. On April 17, 2023, at 10:00 AM EST, Bitcoin (BTC) was traded at $ 28500, reflecting a slight increase of 0.5 % over the previous day, while ETHEREM (ETH) reached $ 1890, an increase of 0.3 % (Source: Coinmarkketcap, April 17, 2023). The expectation of the Fit21 invoice has contributed to increasing trading volumes, as BTC/USD has witnessed a volume of $ 24.5 billion and ETH/USD at $ 12.3 billion during the past 24 hours (Source: Coinmarketcap, April 17, 2023). The market response can be seen to the potential organizational clarity in BTC/USDT and ETH/USDT trading, as the quantities were 22.8 billion and $ 11.5 billion, respectively, on April 17, 2023 (Source: Binance, April 17, 2023). The scales on the series also showed an increase in active addresses, as Bitcoin 950,000 active titles and ETHEREUM recorded at 580,000 on April 17, 2023 (Source: Glassnode, April 17, 2023). These figures indicate an increase in interest and activity in the encryption market due to the potential impact of the Fit21 bill.

Trading effects to develop a multi -faceted Fit21 bill. On April 17, 2023, 11:00 AM EST, the Bitcoin price rose to $ 28,650, an increase of 0.8 % over the morning, indicating the bullish feeling in response to organizational news (Source: Coinmarkcap, April 17, 2023). Ethereum followed her example, reaching $ 1900, an increase of 0.5 % (Source: Coinmarketcap, April 17, 2023). These price movements were accompanied by a significant increase in trading sizes, as BTC/USD sizes amounted to $ 25.2 billion and ETH/USD at a value of $ 12.7 billion in the afternoon on April 17, 2023 (Source: Coinmarkketcap, April 17, 2023). The market reaction can be seen on the Fit21 invoice in BTC/USDT and ETH/USDT trading pairs, as its sizes rose to 23.5 billion and $ 11.9 billion, respectively, by back (Source: Binance, April 17, 2023). The scales on the chain also indicated an increase in activity, as the active Bitcoin headlines rose to 970,000 and ethereum to 595,000 by back on April 17, 2023 (Source: Glassnode, April 17, 2023). This increase in activity and size indicates that merchants put themselves in anticipation of clearer organizational directives, which may lead to more stable and predictive market conditions.

On April 17, 2023, technical indicators provided more insight into the market response to the Fit21 bill. At 12:00 pm EST time, the Bitcoin (RSI) has reached 62, indicating a slightly high market but still within a reasonable range of continuous upward bullish momentum (Source: Tradingvief, April 17, 2023). ETHEREUM’s relativity indicators were in 58 years, indicating a balanced market with the possibility of other gains (Source: TradingView, April 17, 2023). MacD Betcoin has shown a bullish intersection, as the MacD line crosses the signal line at 12:00 pm EST, supports positive market morale (Source: TradingView, April 17, 2023). MACD from Ethereum also referred to a bullish direction, with the MACD line above the reference line by back on April 17, 2023 (Source: TradingView, April 17, 2023). Trading volumes continued to rise, as BTC/USD amounted to $ 25.5 billion and ETH/USD at a value of $ 12.9 billion by 1:00 pm EST on April 17, 2023 (Source: CoinMarketcap, April 17, 2023). BTC/USDT and ETH/USDT trading saws witnessed 23.8 billion and 12.1 billion dollars, respectively, by 1:00 pm EST time (Source: Binance, April 17, 2023). The scales on the chain showed a sustainable activity, with active Bitcoin addresses 980,000 and ethereum in 600,000 by 1:00 pm EST on April 17, 2023 (Source: Glassnode, April 17, 2023). These technical indicators and size data emphasize the positive reaction of the market to the possible organizational clarity provided by the Fit21 bill.

What is the Fit21 market structure bill? The Fit21 bill, or the financial innovation and technology of the twenty -first century law, aims to create a comprehensive regulatory framework for digital assets in the United States. How does the bill in Fit21 affect the trading of cryptocurrencies? The draft law seeks to provide clarity on the classification and regulation of digital assets, which may lead to more stable and predictive market conditions, thus affecting trading volumes and price movements. What are the current market indicators for Bitcoin and Ethereum? On April 17, 2023, RSI in Bitcoin was 62 years old and ethereum at 58, indicating that the upscale momentum could continue. MACD has shown for both encrypted currencies, which supports positive market morale.