Bitcoin Faces Headwinds As ETF Optimism Stalls; DOGE, SOL Give Back Gains

“The upside has been suppressed at the $38,000 psychological level,” analysts at the Japanese exchange bitbank led by Yukari Kusu shared in a Tuesday note. “One of the reasons why bitcoin failed to breach that level is the SEC’s decision to postpone its decision to approve or disapprove Hasdex’s bitcoin ETF on Thursday.”