BTC experienced a recent decline from around $30,500 to the $28,900 level, followed by a period of temporary consolidation. The current resistance for Bitcoin stands at $30,100, while the support level is around $28,500. Overall, BTC seems to be displaying a weaker sentiment, with limited strength in its rebounds.
U.S. House Agriculture Committee Passes Cryptocurrency Regulation Bill
According to a report from CoinDesk, the U.S. House Agriculture Committee has approved the "21st Century Financial Innovation and Technology Act." This legislation aims to establish a federal regulatory framework for cryptocurrencies in the United States. After several hours of debate and voting on amendments, the committee passed the bill through a voice vote and referred it to the full House of Representatives for consideration. Lawmakers discussed various amendments related to customer information disclosure and asset management protection within the bill.
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