All articles tagged with #regulatory developments
Citigroup is rolling back its 2018 policy restricting banking services to firearm retailers, citing recent regulatory changes and political pressures, and will update its policies to clarify it does not discriminate based on political affiliation.
Crypto analyst Remi Relife predicts XRP could surge to $75 by June or July, driven by regulatory resolutions, new product launches, and institutional interest, though such targets are highly speculative. He advises holders to self-custody XRP amid potential market shocks. Others see June as a pivotal month for XRP's price movement due to upcoming developments.
Despite a wave of positive regulatory developments, Bitcoin is currently experiencing a lull in activity during the summer doldrums. Standard Chartered predicts a potential upside to its 2024 bitcoin target of $100,000, but a challenging macro backdrop may dampen bitcoin's growth in the third quarter. The cryptocurrency industry is also working to address its custody problem as institutional investors enter the market and regulatory uncertainty persists.
Bitcoin remains below $26,500 as investors are concerned about the ongoing debt limit stalemate in the US government. The largest cryptocurrency has lost some of its 2023 gains in recent weeks due to macroeconomic uncertainties. Ether is up roughly 0.3% from Wednesday, while most other major cryptos assumed faint shades of green. The debt limit negotiations remain at the center of many market observers' radars, and investors and traders are being cautious with their capital due to macro and political uncertainty.