Digital Currency Market Outlook
Currently, the price of Bitcoin is close to its all-time high in November 2021, which has built strong support for it. Bitcoin prices fell slightly on the day, trading at $69,500 during the Asian trading session on Thursday.
If the price goes lower, it may fall back to the $67,000 support level, while if the price rises, it may encounter resistance at $71,000.
Ethereum's recent rise is exciting, and the entire cryptocurrency community is watching the U.S. Securities and Exchange Commission's decision on whether to approve or reject the country's first spot ETH ETF later today. [No threshold to enter the village; Satellite (L20240098)] As of this writing, Ethereum is trading at $3,776.
In the recent uptrend, altcoins have either flattened or fallen slightly, without really keeping up with the pace of Bitcoin or Ethereum.
