Bitcoin shows a continuous decline in trading price.
Gensler refused to answer whether ETH should consider security or not.
The crypto market has witnessed lots of ups and downs in recent days. The U.S. Securities and Exchange Commission chairman, Gary Gensler, refused to answer the questions about whether Ethereum (ETH) should be considered a security or not. This leaves the crypto industry in an uncertain position about the future of ETH and other cryptocurrencies.
While Bitcoin (BTC), the dominant player in the crypto market, suffered a price decline, the global crypto market declined by 0.37%. The trading price of Bitcoin started to decline after a long stay at the $30K mark. BTC continued to witness a decline, which resulted in the trading price dropping to the $27K mark just in a week.
At the same time, Tesla reported that there were no Bitcoins sold or bought in Q1 2023. This is the third consecutive quarter with no changes in BTC holdings. The company’s decision to hold the
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