How Bitcoin ETF, Bakkt, Citigroup Custody Will Determine Future of Crypto Price59.19

The cryptocurrency markets are relatively flat, with most of the major cryptocurrency prices including Bitcoin trading up or down less than 1% on a 24-hour chart. Regardless of the current stability, there are some major events around the corner that will likely result in major volatility.

The current stability is following a massive price decline, where Bitcoin fell from its weekly highs of just under $7,400 to its weekly low of around $6,000. As usual, this decline resulted in a significant drop for alt-coins, many of which fell 10-20%, and are now resting near their year-to-date lows. Ethereum (ETH) fell from its weekly high of nearly $290 to its weekly low of $190 and is currently sitting near its year-to-date low.

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