Crypto Price Today: Bitcoin, Pepe Coin Plummet As LUNC Rallies

The crypto prices today were in the negative territory, mainly due to the absence of any positive catalyst fuelling further gains in the market. Meanwhile, the market has witnessed a notable surge over the past few weeks, suggesting a bullish sentiment among investors.

Timeline of Bitcoin, Terra-luna, Pepe

Bitcoin seems to be currently under pressure as the BTC price is trading 1.17% down at $37,300 levels with a market cap of $729 billion. As the BTC price drops under $37,500 levels, more Bitcoin liquidations are likely to take place with a significant rise in the Open Interest (OI).

Rich Dad Poor Dad author Robert Kiyosaki has advised investors to get into bitcoin and ditch fiat money now “before it's too late,” reiterating that workers and savers in U.S. dollars are losers.

Major cryptocurrencies experienced mixed trading on Sunday evening following a crucial meeting between BlackRock Inc (NYSE:BLK), Nasdaq representatives, and the Securities and Exchange Commission (SEC). The meeting aimed to discuss the proposed rule regarding the listing of a spot Bitcoin exchange-traded fund (ETF).

Former NYSE President Tom Farley expects money to “flood” into the crypto industry when the U.S. Securities and Exchange Commission (SEC) approves spot bitcoin exchange-traded funds (ETFs). “It's just easier to buy. People believe in bitcoin,” he emphasized, adding that the cryptocurrency “is a great invention.

Terra Classic Price Prediction: The recent turbulence in the cryptocurrency market, driven by factors like the delayed approval of Bitcoin's spot ETF and legal concerns around Binance, has led to increased selling pressure affecting various cryptocurrencies, including Terra Classic (LUNC). Experiencing a notable correction of around 30% from $0.0000972 to $0.00006, LUNC's decline seems to be part of a bullish pennant pattern, offering a potential recovery opportunity for investors.

When it comes to Bitcoin (BTC), Berkshire Hathaway's Charlie Munger has got it wrong, according to crypto investor Dan Morehead. In a new letter to investors, Morehead responds to Munger's comments about Bitcoin in a recent interview with the Wall Street Journal.

Bitcoin has made headlines once again as it rallies amid the awaited approval of Bitcoin-spot exchange-traded funds by the United States Securities and Exchanges Commission (SEC). The SEC has been delaying approval of the ETFs, and the crypto community has taken the time to comment on the matter.

Bitcoin's price has shown positive movements to the upside, recording a resurgence of the crypto's market price in the past weeks. The fresh levels recorded an 18-month high, and experts predict a rally toward the $40,000 mark is imminent following the pending approvals of Bitcoin-spot exchange-traded funds (ETFs).

Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.

After a bullish run, BTC's momentum has stalled around the $38,000 resistance level, a critical point that has witnessed a confluence of selling pressure. The price action suggests that a short-term retracement may be on the horizon, with a potential fallback to the $35,000 support zone, according to recent analysis​​.