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 <h2 id="grayscale-ruling-as-trigger-for-crypto-recovery">Grayscale Ruling As Trigger For Crypto Recovery</h2> 
 <p>Bloomberg’s analysts think Grayscale has a 70% chance of winning the lawsuit against the US SEC, which will bring positive sentiment to the crypto market, triggering high chances of most spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> approval this year. Currently, SEC is reluctant to approve any spot <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> this year.</p>  
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 <p>Traders are actively waiting for a decision in the Grayscale vs SEC lawsuit as it was delayed last week. Some believe the p<span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">otential decision in the </span><span class="css-901oao css-16my406 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0">Grayscale</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> vs </span><span class="css-901oao css-16my406 r-poiln3 r-b88u0q r-bcqeeo r-qvutc0">SEC</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> case is tomorrow. </span></p> 
 <p><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">In fact, GBTC is looking strong despite a fall in BTC price, as per data by&nbsp;Coinglass. <a rel="noopener noreferrer nofollow" title="Grayscale Investments" href="https://thebittimes.com/tag/grayscale-investments.html">Grayscale Investments</a> has also put out an advert to employ a&nbsp;Senior ETF Associate&nbsp;as it nears the tail end of its lawsuit with the SEC.</span></p> 
 <p><strong>Read More: Days Of Big Bitcoin Pumps Are Over, Says Bloomberg’s Mike McGlone</strong></p>  
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 </div> 
 <h2 id="bitcoin-and-ethereum-prices-reversal">Bitcoin and Ethereum Prices Reversal</h2> 
 <p>Popular crypto analyst Rekt Capital says Bitcoin is at the base of the Double Top, which is $26,000. Holding the support level is crucial for Bitcoin or else the price will fall to $24,800.</p> 
 <p><img decoding="async" class="aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20738%20522'%3E%3C/svg%3E" alt="Image" width="738" height="522" data-lazy-src="https://pbs.twimg.com/media/F4H64pCXIAAaY0p?format=jpg&amp;name=large"> 
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 <p>CrediBULL Crypto is bearish on ETH/BTC in the short term and bullish on ETH/USD. He predicts a reversal in ETH price from the $1560-$1440 range. However, the move will mostly depend upon Bitcoin holding above $25000 as it faces risks of further fall.</p> 
 <p><img decoding="async" class="aligncenter" src="data:image/svg+xml,%3Csvg%20xmlns='//www.w3.org/2000/svg'%20viewBox='0%200%20720%20378'%3E%3C/svg%3E" alt="Image" width="720" height="378" data-lazy-src="https://pbs.twimg.com/media/F4GfQnNbAAA_Bim?format=jpg&amp;name=4096x4096"> 
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  </noscript> BTC price jumped 0.5% in the past 24 hours, with the price currently trading at $26,035. The 24-hour low and high are $25846 and $26220, respectively. Moreover, trading volume has increased by 13% in the last 24 hours.</p> 
 <p>Meanwhile, ETH price currently trades at $1660, down nearly 0.5% in the past 24 hours. The 24-hour low and high are $1651 and $1679, respectively.</p> 
 <p><strong>Also Read:</strong></p> 
 <ul> 
  <li>LUNC News: Terra Luna Classic L1TF Prepares For v2.2.0 Core Upgrade</li> 
  <li>Shiba Inu Lead Developer Shytoshi Kusama Announces Shibarium Reopening</li> 
  <li>BTC Price Spreads Fear At $26k, Is This The Start Of The Bull Run?</li> 
 </ul> 
</div>

Trigger For Bitcoin And Ethereum Amid Crypto Market Uncertainty

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TheBitTimes

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