The U.S. Securities and Exchange Commission (SEC) offers a number of exemptions that allow firms to launch their bitcoin investment products without registration. Vaneck and Solidx are the premier ones who launched their product under Rule 144A of the Securities Act of 1933.
Bitcoin Price Analysis & Forecast:
On August 12, the Bitcoin price was trading around $11,428.03. However, today, BTC is trading with a decline of 6.22% from the price of 12th August. In the weekly chart, the coin has shown a bounce-back of 11.33% from the trading price of $9,621.98 on August 31. BTC has shown a flattish action in yesterday’s trading. After opening at $10,588.18, it managed to wrap the day at $10,575.53 with a marginal decline of 0.12%.
In the last two days, Bitcoin faced a bit of resistance. However, BTC will trade around $15k by the end of the year. As of now, the immediate resistance for the coin is at $10,768.85 and additionally, the support level is at $10,518.87.
Bitcoin Price Chart:
Slowly but steadily, Bitcoin is catching mainstream attention. It is just a matter of time that the cryptos become the necessity. And looking at the financial crisis all over the world, it might happen sooner than expected.