Ethereum

Bitcoin, Ethereum & SEC – American Wrap May 6

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7 months ago

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The price of Bitcoin (BTC) is falling sideways after a strong weekend. Despite the high risk levels in the cryptocurrency markets, reports indicate that MicroStrategy is arguably the biggest BTC bull.

Ethereum (ETH) price movement on Monday is leaning toward short traders following investor uncertainty in the broader crypto market. However, ETH holdings in centralized exchanges (CEX) are in steady decline following low flows from Hong Kong ETH ETFs and Robinhood Crypto receiving a Wells Notice from the Securities & Exchange Commission (SEC).

The Securities and Exchange Commission (SEC) is investigating the Robinhood Crypto, LLC exchange. The exchange said Monday that it had received subpoenas for investigation into cryptocurrency listings, cryptocurrency custody and platform operations.

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