Bitcoin news today: BTC price fails to penetrate $75,000 even after SEC, CFTC crypto guidance

Bitcoin's price remained below $75,000 despite the release of joint guidance from the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) regarding the classification of crypto tokens. The guidance, which categorized tokens into five types – digital commodities, collectibles, tools, stablecoins, and securities – aimed to reduce market uncertainty and provide clarity for issuers and exchanges. While experts noted the guidance creates “a more coherent and less burdensome regulatory environment,” it wasn’t enough to propel Bitcoin above the key resistance level. Other major tokens also experienced limited price movement. Analysts point to the $75,000-$76,000 range as crucial resistance, and the upcoming Federal Reserve interest rate decision is also influencing market sentiment.

(Source：CoinDesk)