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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-surges-as-caroline-ellison-receives-sentencing/" data-wpel-link="internal">Bitcoin Surges as Caroline Ellison Receives Sentencing</a> 
As of the article’s preparation, Bitcoin is once again battling to stay above $64,000. Today has been an eventful day for <a href="https://en.coin-turk.com/revolut-focuses-on-the-crypto-currency-department-plans-to-grow-by-20/" data-wpel-link="internal">cryptocurrencies</a>. <a href="https://en.coin-turk.com/seizing-opportunities-amidst-crypto-market-volatility-the-art-of-catching-the-dip/" data-wpel-link="internal">SEC</a> Chairman Gensler provided testimony in Congress alongside other members. Prior to this, significant statements were made by Federal Reserve officials. Good news also emerged for Caroline Ellison. Here is a quick summary of the important events that unfolded recently. 
<h2 style="text-align: justify" id="cryptocurrency-market-reacts-to-developments">Cryptocurrency Market Reacts to Developments</h2> 
BTC price climbed to $64,375, seemingly in celebration of Caroline’s two-year prison sentence. The leading <a href="https://en.coin-turk.com/bitcoin-climbs-above-59000-as-altcoins-begin-recovery/" data-wpel-link="internal">cryptocurrency</a> had plummeted to $15,500 during the crash in November 2022, primarily due to the collapse of FTX. Court documents revealed that SBF and associates were aware that the exchange sold non-existent cryptocurrencies to its customers. 
Caroline, the girlfriend of Alameda CEO SBF, cooperated with the court during the initial trial, implicating SBF. After receiving a 25-year prison sentence, Sam, Caroline was sentenced to two years. 
<h2 style="text-align: justify" id="sec-postpones-decision-on-spot-eth-etf-application">SEC Postpones Decision on Spot ETH ETF Application</h2> 
Another significant development involved the SEC’s decision to postpone its ruling regarding the spot ETH ETF application submitted by BlackRock. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-391542 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/09/BTCUSDT_2024-09-24_22-57-55.png" alt="" width="1815" height="836"> 
At the time of writing, BTC is above $64,000. If the price can surpass the $65,000 resistance level, it would provide significant psychological support for bulls, bringing the targets of $68,000 and $70,000 into focus. 
The post <a href="https://en.coin-turk.com/bitcoin-surges-as-caroline-ellison-receives-sentencing/" data-wpel-link="internal">Bitcoin Surges as Caroline Ellison Receives Sentencing</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Bitcoin Surges as Caroline Ellison Receives Sentencing

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