The movement of the Bitcoin price significantly affects the overall performance of the cryptocurrency market, especially with the potential drop triggering panic selling below $60,000.
Positive scenario includes Bitcoin rising above $65,000 and holding above the 50-day moving average, presenting a bullish outlook for the market.
Pantera Capital's undisclosed investment in TON, citing potential for it to become a top cryptocurrency network, led to TON coin rising by approximately 20% within the week.
SEC reportedly reclassifying Ethereum as a security without official statement may hint at a repositioning move, impacting potential Ethereum ETF launches.
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