Markets News
This week various media reported that U.S. Treasury Secretary Steven Mnuchin was considering whether or not legislation governing self-custodied wallets should be implemented.
This led some analysts and crypto pundits to speculate whether or not this would impact Bitcoin, and the current bullish momentum that has been driving crypto prices higher.Â
The threat of new crypto sector-focused regulations is a credible event which has negatively impacted crypto prices in the past, but this time around there are a fewreasons why the proposed rule probably will not lead to a Bitcoin price crash.Â
BTC/USD 4-hour chart. Source: TradingView.com