Crypto Markets Rebound After News the U.S. SEC Will not Consider Ethereum a Security

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June 14th: all but two of the top 100 cryptocurrencies by market capitalization are are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Notably, leading U.S.-based crypto wallet and exchange Coinbase opened its Index Fund for large-scale investors today. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.Market visualization from Coin360Bitcoin (BTC) is now up 5.89 percent in the 24-hour period, trading around $6,688 at press time. That was the entire crypto industry breathing a collective sigh of relief— Barry Silbert (@barrysilbert) June 14, 2018Earlier today, Tom Lee of Fundstrat Global Advisors told Bloomberg that Bitcoin’s recent "gut wrenching" declines may be linked to Bitcoin Futures expirations on CBOE and CME futures.

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June 14th: all but two of the top 100 cryptocurrencies by market capitalization are are making gains, according to Coinmarketcap data. Gains in of over 10 percent in some coins are a welcome respite for investors after crypto markets took a battering over the course of last month. Today’s gains are likely due to positive news that Ethereum (ETH) will not be regulated as a security under U.S. law.

Market visualization from Coin360

Bitcoin (BTC) is now up 5.89 percent in the 24-hour period, trading around $6,688...

Read the full article @ Coin Telegraph