‘Extreme fear’ as Bitcoin rejects $60K, US court ruling a ‘game changer’ for crypto

It’s a legal-heavy episode today, but first, Bitcoin has rejected the $60,000 price level once again, pushing the Crypto Fear & Greed Index into “extreme fear” for the first time since January 2023. Nevertheless, with 90% odds of a September interest rate cut by the US Federal Reserve and stocks and gold reacting accordingly, it could be just a matter of time until BTC is back on the ascent. On the legal side of crypto, a US Supreme Court ruling could be a “game changer” for crypto, the SEC has dropped its action against Paxos and the Binance USD token, and Coinbase demands to see Gary Gensler’s private messages.Further reading:Bitcoin index falls to ‘extreme fear’ as BTC fails twice to breach $60KGerman gov’t Bitcoin wallet drops to 5,800 BTC after major saleBitcoin price struggles as investors expect Fed interest rate cuts — Why?Bitcoin price will hit $330K this bull cycle — AnalystSupreme Court ruling ‘changes the game’ for US crypto firmsSEC will not pursue enforcement action against PaxosJudge has ‘strong views’ about Coinbase inquiry into Gensler’s private msgsSo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.