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Following yesterday's two-way price action, Bitcoin and Ethereum today represent a trading segment bound to a bearish trend as a new successful market that the Japanese Financial Regulator has denied the interest in Bitcoin ETF. Earlier this week, Bloomberg published an article stating that the Japanese FSA is considering green lighting with Bitcoin ETFs, but today the successful market revealed that the Japanese FSA he denied having made such a decision. According to the article on the cryptocurrency news website – cointelegraph, their representative in Japan came into contact with the financial services agency that denied making any decision on the approval of the 39; ETF and had no idea who was the source behind the Bloomberg article.
Crypto Market was indecisive about the latest FSA update
Traders are approaching the cryptocurrency market with caution, now that the holiday recovery rally he gave to Bitcoin and other strong bullish hikes of Altcoins has expired. Investors focus on upgrading the Ethereum network, widely known as the Forcella di Costantinopoli and its impact on the price of coins on the market, which has led to an action on the prices of the range in the encrypted markets. . Bitcoin is now trading dangerously close to a price of $ 4000 with a limited price action that has failed in its attempts to get a solid hold above the price level of $ 4100. However, given the positive reaction In the market for cryptography despite the lack of solid fundamentals, traders believe that Bitcoin is forming the next level of support at $ 4,000, now that it has gained a solid hold on $ 3,500.
At the time of writing this article, the BTC / USD pair traded at $ 4040.6, down 0.40% on the day. In the meantime, Ethereum is expected to continue to operate slowly, as both retailers and institutional investors are opposed to placing important bets before hard fork. However, the enthusiastic crypts and the daily operators who are looking for fast products continue to bet on Ethereum as the currency seems to have found a steady point of support above $ 150, despite the lack of volatility and the volume of decent trading on the market . The ETHUSD pair is currently trading at $ 152.07 a fall of 0.56% on the day.
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