Bitcoin opened the trading week in Asia above $30K at $30,654, according to CoinDesk data, while ether is at $1,938. CoinDesk Indicies Bitcoin Trend Indicator is showing that the world’s largest digital asset is going through a “significant uptrend” period. Crypto had a rough end to last week, as the Securities and Exchange Commission said that current bitcoin ETF filings were “inadequate” sending prices down. BitBull Capital CEO Joe DiPasquale sees bitcoin potentially testing a support zone between $27-$29K, and he says that such price action is likely to result in deeper declines in altcoins.
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