European Wrap March 31 – Covering Dogecoin, Ethereum and the SEC
Dogecoin’s price has been range bound between $0.0705 to $0.0952 for the past five months, but a recent dip below the range low followed by a recovery could point to a bullish move next week. Meanwhile, the impending Ethereum token unlock (due to the upcoming Shanghai hard fork) has led to projects and institutions announcing “re-staking” solutions to ease the selling pressure from ETH withdrawals. With nearly 15% of the token’s supply staked and Ethereum’s price still over 60% away from its all-time high, experts believe the community is seeking out such opportunities. Additionally, US Securities and Exchange Commission chair Gary Gensler has warned of tough times ahead for the crypto industry, calling for additional infrastructure and resources to fight misconduct.
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