Bitcoin is trading at $60,580, down less than 0.05% for the day, as it faces resistance near the $60,700 level. Despite recent attempts to break higher, Bitcoin has struggled to gain momentum above $61,000.
The market is closely watching potential regulatory shifts in South Korea and the U.S. that could impact Bitcoin prices in the near future.
The newly formed Virtual Assets Committee, led by the FSC’s vice chairman, includes representatives from both the public and private sectors. Despite similar approvals in the U.S. and Hong Kong, South Korea has yet to greenlight Bitcoin and Ethereum spot ETFs.
FSC is evaluating the approval of spot cryptocurrency ETFs and corporate crypto accounts, signaling potential tighter regulations.