The market rebound has pushed Bitcoin back above $115K, with strong corporate earnings, favorable regulatory developments, and Apple's $100 billion investment seemingly driving stocks and the crypto market on Wednesday. Bitcoin briefly fell to 112K on Tuesday but appears to have found its rhythm again, subsequently rising to 115K, which is the level it hovered around for most of the morning. The U.S. Securities and Exchange Commission (SEC) released guidance yesterday indicating that "liquid staking activities... do not involve the issuance and sale of securities." This has eliminated significant regulatory uncertainty surrounding staking crypto assets like Ethereum (ETH) and Solana (SOL). Although staking is not a part of the Bitcoin protocol, the rising tide of regulation has lifted all crypto assets.
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The market rebound has pushed Bitcoin back above $115K, with strong corporate earnings, favorable regulatory developments, and Apple's $100 billion investment seemingly driving stocks and the crypto market on Wednesday. Bitcoin briefly fell to 112K on Tuesday but appears to have found its rhythm again, subsequently rising to 115K, which is the level it hovered around for most of the morning. The U.S. Securities and Exchange Commission (SEC) released guidance yesterday indicating that "liquid staking activities... do not involve the issuance and sale of securities." This has eliminated significant regulatory uncertainty surrounding staking crypto assets like Ethereum (ETH) and Solana (SOL). Although staking is not a part of the Bitcoin protocol, the rising tide of regulation has lifted all crypto assets.