💰💰💰💰Bitcoin plans $100K raise🚀🚀🚀🚀

For the third day, the crypto market remained calm with a $2.6 trillion capitalization. Bitcoin's failure to break $70K is dampening excitement. It lost 0.3% in 24 hours while Ethereum rose 0.6%.

The leading cryptocurrencies have fluctuated between -2% for Dogecoin, -1.5% for Solana, and 1.5% for Toncoin.

Bitcoin technically stays around the declining range's top limit. The fledgling crypto market also values $70K round level. Rising would breach two boundaries. The price might reach $73.5K shortly due to growing velocity. A more distant and crucial objective may be $95K-$100K, where the lower boundary is the 161.8% January-March increase and the higher barrier is an important round level.

Trading platforms were informed that the US SEC is "leaning towards" issuing a spot Ethereum-ETF. Barron's quotes unnamed sources. The article stated the SEC has asked comments on the petitions, which might be approved this week if filed in time.

Bloomberg says five management firms provided amended SEC papers. The US National Settlement Depository (DTCC) asset list includes VanEck and Franklin Templeton spot ETH-ETFs ETHV and EZET.

According to Bloomberg, the SEC's interaction with firms is crucial and may signal a policy shift. However, several analysts observed political implications in the regulator's actions.

Should spot Ethereum-ETFs be allowed, Matrixport expects cryptocurrency Solana (SOL) might launch exchange-traded funds next.

Decentralised exchange Uniswap urged the SEC to rethink its complaint, noting the agency's harsh tactics and poor legal basis. Legal action against the regulator is planned by Uniswap.

SEC chairman Gary Gensler said the House of Representatives' bitcoin market structure bill does not define digital assets as securities, endangering investors.

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