Bitcoin

Ethereum

<ul><li>The cryptocurrency market, notably Bitcoin and Ethereum, has seen a period of unusual calm with decreased volatility and trading volumes.</li><li>The bearish sentiment prevails among traders due to regulatory uncertainties and delays in the approval of a spot Ethereum ETF.</li><li>Despite the current market stagnation, upcoming spot ETF launches in Hong Kong could revitalize investor interest and potentially shift the bearish trend.</li></ul>The cryptocurrency market has experienced a notable calm, particularly impacting major players Bitcoin (BTC)and Ethereum (ETH). While these currencies are usually subject to drastic price changes, the last few weeks have significantly reduced their volatility and trading volumes. This shift suggests a period of stagnation, marking a stark contrast to their typically dynamic market behaviour.Despite the common strategy of accumulating long positions during consolidation phases, most traders have adopted a bearish outlook on Bitcoin and Ethereum. This sentiment is largely influenced by expectations of further delays in the <a href="https://www.sec.gov/files/rules/sro/nysearca/2024/34-100014.pdf" rel="noopener noreferrer nofollow">approval of a spot Ethereum ETF</a> by the U.S. Securities and Exchange Commission (SEC). The market&#39;s apprehension is underscored by the pronounced negative skew in Ethereum&#39;s risk reversals, which now stand at -13% in front-month contracts.<a href="https://cryptotale.org/bitcoin-and-ethereum-enter-quiet-phase-amid-sec-delays-and-etf-hope-report/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Bitcoin and Ethereum Enter Quiet Phase Amid SEC Delays and ETF Hope: Report

CryptoTale

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