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Decision Time? Crypto assets steadily gained overnight after a stagnant weekend as market players around the globe returned to their desks. But shortly after the opening of U.S. markets, the move stalled out! Why has price run into resistance?
Confirmation last month that pending spot Ethereum ETF applications would receive approval from the Securities and Exchange Commission (SEC) turbocharged crypto prices, fueling a leg up that placed many tokens within striking range of achieving new cycle highs.
The unexpected shift in approval odds caused underexposed traders to feverishly ape ETH, pushing the token just shy of new cycle highs above $4k; BTC was propelled within 2% of new all-time highs, briefly touching $72k.
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