Crypto Navigates Regulatory Shifts, Bitcoin's Bullish Forecasts, and Post-FTX Recovery Efforts
Crypto Navigates Regulatory Shifts, Bitcoin's Bullish Forecasts, and Post-FTX Recovery Efforts
The crypto market is currently navigating significant developments across several fronts. Regulatory focus is intensifying with a prospective CFTC chair hearing following a government shutdown. Meanwhile, analysts are projecting a highly bullish outlook for Bitcoin, with some anticipating a 'Wave 3' expansion targeting the $200,000 to $240,000 range. Concurrently, the industry continues to grapple with the aftermath of the FTX collapse three years later, as creditors await resolution and efforts to rebuild trust and transparency across exchanges and DeFi platforms persist.
With the US government shutdown expected to end this week, the Senate Agriculture Committee scheduled a hearing to consider President Donald Trump’s pick to head the CFTC.
Analysts believe Bitcoin could be starting its Wave III expansion, and if it plays out according to previous instances, BTC could reach the $200,000 to $240,000 range.
The 2022 FTX bankruptcy pushed crypto toward greater transparency across exchanges and DeFi, yet some who lost funds in the crisis still haven't been paid.