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- Political maneuvers in the U.S. have profound effects on the global cryptocurrency market. The approval of Bitcoin and potential Ethereum ETFs mark a significant step towards mainstream acceptance of digital assets. Cathie Wood, CEO of ARK Invest, emphasized that these approvals are influenced by the political significance of cryptocurrencies in the upcoming elections.
- Currently, Bitcoin prices are fluctuating around $66,000, a level that has become a key support level. BITCIONS believes that if this level is broken, the market may further decline. According to CoinGlass data, $66,000 is a critical liquidity level in the current order book, with $67,300 as a major resistance level. Although the market is currently in a narrow range, many traders and analysts remain optimistic about the future, expecting the market to eventually break out to the upside.
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