The Bitcoin Street Journal Bitcoin Market Update Episode 17 Week 22

Welcome to The Bitcoin Street Journal, your daily source for live market updates, technical analysis, and breaking news regarding Bitcoin. Stay up-to-date with the latest Bitcoin trends, market capitalization and supply, as well as financial and economic news by subscribing to our podcast. Join us on the journey through the world of Bitcoin and its impact on our daily lives. In today's episode, we'll cover the recent drop in BTC and altcoin prices due to regulatory pressure, the inability of Ethereum to surpass $2000, and the US government's objection to Bittrex's proposal.In today's TGIF Headline News Edition of the Bitcoin Street Journal, we'll be diving into the latest news from the cryptocurrency world. Despite recent blows to top cryptocurrency exchanges like Coinbase and Binance due to regulatory crackdowns, Bitcoin investors remain resilient. The prices of BTC and other altcoins have taken a hit, but the market is still holding strong.Moving on to Ethereum, a Bloomberg analyst has noted that the cryptocurrency is having trouble breaking the $2000 mark, much like gold. This is despite a bullish month for the Nasdaq 100.In other news, the US government has objected to Bittrex's plan to enable withdrawals, sparking a hearing on the matter in June. Meanwhile, Australia's largest bank has temporarily ceased "certain" payments to crypto exchanges, a significant turnaround for the bank, which had previously planned to enable crypto trading on its banking app.Additionally, Binance.US is undergoing changes, transitioning to a "crypto-only" platform and suspending USD operations. However, the SEC battle continues, with banks now distancing themselves from the exchange.The outcome of Ripple's class action lawsuit could have important implications for other exchanges like Coinbase and Binance, according to a lawyer following the case. And in the world of AI, venture capitalist Marc Andreessen has warned against a "government-protected cartel" of major AI companies and urged that the market should determine success.Finally, UK authors are being advised to protect their work from AI, and cryptocurrency investment firm Galaxy Digital is accelerating its plans to move offshore due to legislative stalemates in the US.Stay tuned for more news and updates in the world of cryptocurrency!Thanks for tuning in to today's episode where we discussed how BTC and altcoins prices dropped amid regulatory crusades, Ethereum struggled to break the $2000 mark and the US government's objection to Bittrex proposal - be sure to subscribe and catch us at the next episode!