FTX Token<\/strong> (FTT)<\/td>\n
<\/p>\n
+ 3.4%<\/td>\n
<\/p>\n | $ 28.07<\/td>\n
\n\t\t<\/tr>\n
\n\t<\/tbody>\n
\n<\/table>\n<\/figure>\n See Also:<\/em> Best Crypto Debit Cards<\/em><\/p>\nWhy It Matters:<\/strong> Cryptocurrencies and stocks continue to move in tandem, with Bitcoin and Ethereum price action remaining rangebound. <\/p>\nAt press time, stock futures traded flat, with the S&P 500 and Nasdaq futures up 0.08% and 0.03%, respectively. <\/p>\n A newly introduced legislation in the US Senate would classify the two-largest coins by market cap as commodities and give the Commodities Futures Trading Commission<\/strong> powers to regulate them.<\/p>\n“Even though this bill has not passed yet, it is very promising as it would provide regulatory clarity, which many institutions are seeking before they invest in the space,” said Marcus Sotiriou<\/strong>an analyst with GlobalBlock<\/strong>a United Kingdom-based digital asset broker.<\/p>\nCommenting on Bitcoin’s price action, Sotiriou said it remained rangebound between $ 28,000 and $ 32,000.<\/p>\n The \u201c$ 31,500- $ 32,000 remains a key level of resistance to overcome for sustained upside,\u201d Sotiriou wrote in a note seen by Benzinga.<\/p>\n Even though Bitcoin and Ethereum lack movement, there is plenty of action visible in so-called altcoins like Cardano<\/strong> (ADA), Chainlink<\/strong> (LINK), and Helium<\/strong> (HNT), said Santiment in a tweet. These coins have shown major decoupling and are performing well, said the market intelligence platform.<\/p>\n |