Bitcoin Price Retreats Following Kraken Probe, SEC Staking Attack

It’s just been revealed that there are some rumors about the fact that the SCE is attacking staking. This, among others, led to a fall in the price of Bitcoin.

Some traders are excited that they can buy BTC at a discount again. Check out the latest reports about the price of the most important digital asset.

At the moment of writing this article, BTC is trading in the red, and the king coin is priced at $21,835.

According to the latest reports, the U.S. Securities and Exchange Commission (SEC) has launched a probe into Kraken over whether it illegally traded unregistered securities.

According to Bloomberg, the SEC is investigating Kraken, the third largest crypto exchange in the world, for possibly breaking securities rules. This reportedly happened when offering certain products to those living in the United States.

As the online publication the Daily Hodl notes, per the report, the investigation may be nearing a close with a possible settlement coming within days. Which tokens or other products sparked the SEC probe remains unknown.

“The US-based exchange offers clients about 185 different cryptocurrencies to invest in, as well as the opportunity to stake their holdings for rewards.”

Bloomberg predicted the fact that any settlement would have broader ramifications for the crypto sector.

The report stated the following:

“A settlement with the SEC could pressure other crypto firms to hash out deals with the regulator, which has repeatedly said most of the tokens being offered are securities that should be subject to the agency’s rules.”

It’s been revealed that there is a rise in negative sentiment on Bitcoin (BTC), and the crypto markets at large is increasing the odds that the 2023 bull run will continue, according to a leading analytics firm.

Santiment says a wide swath of traders now firmly believe prices will dip this month – and when too many people believe the market will go one way, a surprise is usually in store, as the online publication the Daily Hodl notes. Check out our previous article in order to learn more details.