The well-known crypto exchange has just been hit with a $100 million fine for violating the Bank Secrecy Act.
Bitcoin and Ethereum price outlook: Testing key levels amidst mixed sentiment
Bitcoin is testing support at $98,000 and $95,000, with resistance at $105,000 and $110,000.
A recent 3% dip and concerns over potential global interest rate hikes have created short-term bearish sentiment.
However, institutional buying, particularly from World Liberty Finance, may stabilize prices if BTC nears $98,000. Upcoming U.S. PCE data could also impact risk asset performance.
Ethereum, trading with support at $3,100 and $3,000 and resistance at $3,450 and $3,600, has been affected by speculative narratives like “Solana Will Flip ETH.”
Positive momentum continues with strong Ethereum ETF inflows and expected scalability updates from Ethereum Core Dev discussions.
Additionally, anticipated World Liberty Finance announcements this week may boost ETH demand.
Both assets remain pivotal, with market catalysts and macroeconomic factors shaping their near-term trajectories.
Ryan Lee, Chief Analyst at Bitget Research
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