BTC Defies Regulatory Headwinds, Surges Past $28.5K

Bitcoin has experienced a significant surge in recent weeks, rising above $28.5K despite ongoing regulatory challenges faced by Binance.

The largest cryptocurrency by market capitalization has rallied more than 17% over the past two weeks, demonstrating resilience in the face of adversity.

In an interview with CoinDesk, Mark Connors, Head of Research at 3IQ, discussed the crypto market's reaction to recent headwinds in the regulatory space and his short-term outlook on BTC.