Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/bitcoin-holds-ground-despite-etf-outflows-ethereum-faces-sec-scrutiny" rel="noopener noreferrer nofollow">Bitcoin Holds Ground Despite ETF Outflows; Ethereum Faces SEC Scrutiny</a><br></p>
<p style="text-align: justify">The cryptocurrency market recently experienced fluctuations, with <a href="https://en.bitcoinhaber.net/bitcoin-whale-activity-surges-as-big-transactions-hit-june-levels" rel="noopener noreferrer nofollow">Bitcoin</a> not rebounding as swiftly as anticipated, attributed largely to selling pressure via Exchange-Traded Funds (ETFs). Despite this, Bitcoin’s value remains above its February close, hinting at the potential for a seventh consecutive month of gains. Meanwhile, <a href="https://en.bitcoinhaber.net/ethereum-price-analysis-important-support-and-resistance-levels-to-watch" rel="noopener noreferrer nofollow">Ethereum</a> faces challenges as the U.S. Securities and Exchange Commission (SEC) expresses concerns over its transition to a Proof-of-Stake (PoS) model.</p>
<h2 id="etf-dynamics-impacting-bitcoin-s-stability">ETF Dynamics Impacting Bitcoin’s Stability</h2>
<p style="text-align: justify">Data from Farside Investors reveals a four-day streak of net capital outflows from Bitcoin ETFs, suggesting that the trend may continue. Seasoned crypto investors, however, are not perturbed, viewing these corrections as a natural part of a long-term upward trajectory. Despite recent dips, Bitcoin’s recovery from significant lows indicates that market participants are seizing these opportunities to buy.</p>
<p style="text-align: justify">As Bitcoin trades close to its all-time high (ATH) levels, maintaining a strong position suggests that investor confidence remains robust. With the market appearing to consolidate, a push towards the $69,000 mark seems likely, and surpassing this could open the door to targets between $76,000 and $80,000. Key support levels to watch include $60,775 and $57,623, which are expected to elicit significant reactions if tested.</p>
<h2 id="ethereum-contends-with-regulatory-hurdles">Ethereum Contends with Regulatory Hurdles</h2>
<p style="text-align: justify">The SEC’s recent stance against Ethereum has added a layer of complexity, with the regulatory body scrutinizing the cryptocurrency’s shift to PoS. Despite fears of centralization and <a href="https://en.bitcoinhaber.net/vitalik-buterin-raises-concerns-over-privacy-in-modern-vehicles" rel="noopener noreferrer nofollow">security</a> risks, the Ethereum Foundation maintains that it is not centralizing the network. As the market anticipates the SEC’s eventual endorsement, entities like BlackRock remain steadfast in their engagement with Ethereum.</p>
<p style="text-align: justify">Ether’s valuation has shown resilience, bouncing off its 50-day Simple Moving Average (SMA) on March 20th. However, it struggles to hold above a key moving average, suggesting that investor sentiment may be tilting towards selling due to ETF-related anxieties. If Ether can reclaim and sustain key price levels, targets of $3,700 and $4,100 could become achievable in the near term.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/bitcoin-holds-ground-despite-etf-outflows-ethereum-faces-sec-scrutiny" rel="noopener noreferrer nofollow">Bitcoin Holds Ground Despite ETF Outflows; Ethereum Faces SEC Scrutiny</a></h5>

Bitcoin Holds Ground Despite ETF Outflows; Ethereum Faces SEC Scrutiny

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