As of the article’s preparation, Bitcoin is once again battling to stay above $64,000. Today has been an eventful day for the cryptocurrency market.
Cryptocurrency Market Reacts
BTC price climbed to $64,375, seemingly in celebration of Caroline’s two-year prison sentence. The leading cryptocurrency had plummeted to $15,500 during the crash in November 2022, primarily due to the collapse of FTX. Court documents revealed that SBF and associates were aware that the exchange sold non-existent cryptocurrencies to its customers. Caroline, the girlfriend of Alameda CEO SBF, cooperated with the court during the initial trial, implicating SBF. After receiving a 25-year prison sentence, Sam, Caroline was sentenced to two years.
SEC Postpones Decision on Spot ETH ETF
Another significant development involved the SEC’s decision to postpone its ruling regarding the spot ETH ETF application submitted by BlackRock.
Current Market Situation
At the time of writing, BTC is above $64,000. If the price can surpass the $65,000 resistance level, it would provide significant psychological support for bulls, bringing the targets of $68,000 and $70,000 into focus.
Today's events have significantly impacted the cryptocurrency market, and investors are keenly watching for further developments.
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