Bitstamp, bitFlyer, Bittrex and Gemini launched a self-regulatory organization (SRO) for crypto exchanges on Monday.
The SEC will approve or disapprove a rule change proposal to list the ProShares Bitcoin ETFs sometime this week.
Bitcoin’s corrective rally from the recent low of $5,859 would resume on bull pennant breakout.
The technical charts continue to call a rally to $7K despite bitcoin showing signs of exhaustion around $6,500.
Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world’s largest cryptocurrency to within 2 percent of its 2018 low.
XRP, the world’s third-largest cryptocurrency by market capitalization, fell to its lowest price of 2018 on Tuesday.
Falling prices have sent the total market capitalization of all cryptocurrencies below $200 billion.
The price of Ethereum (ETH) just fell below $300 for the first time since November 12 of last year.
Bitcoin (BTC) now makes up 50 percent of the entire cryptocurrency market capitalization.
David Marcus is stepping down from the board of directors at crypto exchange Coinbase, citing his new role at Facebook leading blockchain strategy.