Bitcoin and Ethereum are charting a renewed path in the cryptocurrency markets, signaling a potential rally. On Saturday, Bitcoin saw a noteworthy rise, trading at $41,833, marking over 4% increase.
The recent call for enhanced regulation by the chair of the CFTC, specifically targeting concerns over spot BTC ETFs, has cast a shadow of uncertainty over the cryptocurrency’s future.
This regulatory scrutiny coincides with an undercurrent of discontent among ECB staff regarding Christine Lagarde’s leadership, adding to the complex backdrop against which Bitcoin’s latest uptick unfolds.
As Ethereum pushes past the $2,200 threshold, market watchers are keenly observing these developments to determine whether we’re at the cusp of a new bullish trend.
Bitcoin Price Prediction
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The post Bitcoin and Ethereum Price Prediction as BTC Bounces 5% and ETH Pushes Past $2,200 – New Rally Starting? appeared first on Cryptonews.