Bitcoin's value dipped to $63,000 amid increased regulatory scrutiny in the US crypto market.

According to a technical analyst, the correction isn't finished yet, foreseeing a drop to the mid-to-low-$50,000 range before a new all-time high. Despite BTC's 1.5% decline, Solana (SOL) and XRP saw notable gains.

Robinhood's crypto division received a warning from the SEC, potentially signaling forthcoming enforcement actions.

An Elliot Wave analyst set a $92,000 target for Bitcoin's next peak.

The market paused during Monday's US session, with BTC retreating to $63,300 as regulatory pressure mounted.

Robinhood's disclosure of an SEC Wells Notice exacerbated the downward trend.

However, most crypto assets remained above last week's lows.

While BTC was down 1.5%, alternative cryptocurrencies like ETH, DOGE, SHIB, and MATIC saw mixed performances.

SOL and XRP showed relative strength.

Despite the halt in the rally, QCP Capital noted increased demand for September bitcoin call options, indicating optimism for higher prices ahead.

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