Market Movements: - **Bitcoin** has been trading within a narrow range, hovering around $67,000. Analysts predict potential new highs above $73,777 if the current trajectory follows the Wyckoff model.
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The Federal Reserve's recent decision to maintain borrowing rates between 5.25%-5.5% amidst economic uncertainties might influence investor sentiment in the crypto market.
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Here are the key updates in the crypto world for today, May 24, 2024: 1. **Regulatory** The U.S. Securities and Exchange Commission (SEC) is expected to announce decisions on spot Ethereum ETF applications from VanEck and ARK. Industry experts remain skeptical about approval, with some reducing their approval odds.
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