Bitcoin, Ethereum Stay Flat Despite New SEC Rules for Crypto ETFs
Major cryptocurrencies traded sideways Thursday even though the SEC made it easier to list crypto products.
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The crypto market was quiet on Thursday. Bitcoin almost reached $118,000 but dropped to $116,527. Trading went down by 21% in 24 hours.
The SEC approved new rules that make it easier for big companies to create crypto ETFs. About $250 million was liquidated from crypto markets. An analyst thinks Bitcoin might drop to $112,000 first, then go up to $130,000.
Some smaller coins did very well - STBL went up 61.86%. Tech stocks also performed well after Nvidia and Intel announced they will work together.
Original Article
benzinga.comhttps://www.benzinga.com/crypto/cryptocurrency/25/09/47754678/bitcoin-ethereum-xrp-dogecoin-unmoved-even-as-secs-policy-changes-hint-at-quicker-crypto-et