Crypto Market Prediction: On Sunday, the cryptocurrency market was relatively stable as the Bitcoin price showed a modest loss of 0.3% after a two-day upswing. The broader market also shows an overall bullish outlook as BTC is only 6.7% down from the all-time high of $73800 and the US SEC recently approved the spot Ethereum ETFs.
However, the full potential of this development has yet to be realized, as ETF issuers must wait for the approval of their S-1 registration statements before trading can commence. According to market analysts, this approval process could take several weeks or even months.
With the crypto market yet to enter a high momentum rally assets like Bitcoin, Uniswap and Pepe Coin (PEPE) may offer suitable entry opportunities for a fresh long position.
Also Read: Grayscale’s Bitcoin Dominance Threatened As Blackrock’s IBIT Eyes Top Spot
1) Crypto Market Prediction: Bitcoin (BTC)
Bitcoin stands out for its pioneering role in defining the concept of cryptocurrencies.
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