Bitcoin, Ethereum, XRP, Dogecoin Unmoved Even As SEC’s Policy Changes Hint At Quicker Crypto ETFs; Analyst Sees BTC’s Rally To $130,000 After Pullback
Leading coins traded sideways Thursday even as the Securities and Exchange Commission eased rules for listing institutional cryptocurrency products.
| Cryptocurrency | Gains +/- | Price (Recorded at 9:18 p.m. ET) |
|---|---|---|
| Bitcoin (CRYPTO: BTC) | +0.58% | $117,273.58 |
| Ethereum (CRYPTO: ETH) |
-0.06% | $4,603.96 |
| XRP (CRYPTO: XRP) | +0.05% | $3.08 |
| Solana (CRYPTO: SOL) | +0.76% | $247.71 |
| Dogecoin (CRYPTO: DOGE) | -0.41% | $0.2815 |
A Big Move Incoming For Bitcoin?
Bitcoin all but broke $118,000 before diving to $116,527 late in the evening. The trading activity remained thin, with volumes dropping 21% over the last 24 hours. Ethereum wiggled in the tight range between $4,550 and $4,643.
The SEC approved “generic listing standards” for cryptocurrency exchange-traded products, potentially easing barriers for institutional capital.
Nearly $250 million was liquidated from the cryptocurrency market in the last 24 hours, with short liquidations accounting for $160 million.
Bitcoin’s open interest rose 2.40% in the last 24 hours. If the price is flat but open interest increases, it signals potential for a large move in either direction.
Meanwhile, more than 53% of the top BTC traders on Binance i.e, the top …
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