Bitcoin ended Wednesday where it started the day, trading at $65.5K. Enthusiasts continue to buy back the first cryptocurrency on dips closer to $65K. On the other hand, Bitcoin’s inability to rise is alarming, although the day before, we saw a weaker dollar and stronger stock indices, which is fuelling risk appetite.
Ethereum crossed the $2100 level, returning to the peak set on 10 November. There was a classic Fibonacci retracement with a 61.8% pullback from the initial rally. Breaking through the $2135 level will set up the main scenario of a 161.8% growth, which in this case is close to $2500.
The crypto market continues to move higher, adding another 0.8% overnight to $1.44 trillion as Greed stays as a major driver right now, according to a popular sentiment indicator.
Spot Bitcoin ETFs and the SEC: A Closer Look Spot Bitcoin ETFs and the SEC: A Closer Look John Red Stark's View on Bitcoin ETF Approval John Red Stark,