April 17 BTCUSD BingX Chart Analysis and Today's Headline

Over the last 24 hours, Bitcoin has experienced a 0.08% decrease, reaching an intraday low of ,120.00. The largest was trading around the ,000 price level during the weekend, indicating that bears are unlikely to concede without a struggle. The gradually upsloping 20-day EMA and the RSI in the overbought territory indicate an advantage to the buyers. If the BTC/USDT pair sustains its position above ,000, it could rise to ,000.

Today’s Cryptocurrency Headline

U.S. House Committee Publishes Draft Stablecoin Bill

The U.S. House Financial Services Committee has released a draft version of a potential landmark stablecoin bill, proposing measures including a temporary suspension of stablecoins backed by other cryptocurrencies and examining the potential impact of Central Bank Digital Currencies (CBDCs). In addition, the House Financial Services Subcommittee will hold a hearing on stablecoins this Wednesday, with participants including Circle's Dante Disparte, Blockchain Association's Jake Chervinsky, Columbia University Professor Austin Campbell, and New York Department of Financial Services Superintendent Adrienne Harris.

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