BTC traded just over $37,500 in European morning hours Tuesday, adding 0.6%. Ether (ETH) lost 0.5%, while dogecoin (DOGE) and solana (SOL) slumped as much as 5% as traders likely took profits.
BNB Chain's (BNB) tokens were up as much as 8% amid reports that crypto exchange Binance, which initially issued the tokens, could soon be paying $4 billion to settle multiple U.S. criminal charges.
"The upside has been suppressed at the $38,000 psychological level," analysts at the Japanese exchange bitbank led by Yukari Kusu shared in a Tuesday note. "One of the reasons why bitcoin failed to breach that level is the SEC's decision to postpone its decision to approve or disapprove Hasdex's bitcoin ETF on Thursday."
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