Bitcoins (BTC) Price action was not bullish despite an all-time high of $ 69,000 on November 10. Some argue that the descending channel formed 40 days ago is the dominant trend, and $ 56,000 is its current resistance.
Such a drop follows close scrutiny by U.S. regulators, after a November 1 report by the president’s financial markets task force suggested that stablecoin issuers in the United States should be subject to “appropriate federal oversight”, similar to banks and savings associations.
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