Bitcoin is facing resistance at the $100,000 threshold, leading to a shift in investor focus towards altcoins. Ethereum has observed a spike in open interest and growing bullish sentiment among market participants. Institutional investors have pulled capital from Bitcoin ETFs and are now shifting their focus to Ethereum and other alternative cryptocurrencies. Altcoins like Cardano, Ripple, Stellar, Decentraland, and Sandbox have witnessed increased trade volume on centralized exchanges. Ethereum whales have been increasing their holdings, indicating bullish sentiment. A U.S. court overturned sanctions against Tornado Cash, allowing U.S.-based individuals to use the privacy-protecting protocol. Long-term holders of Bitcoin have decreased their holdings, which raises concerns about selling pressure. Traders need to watch the Bitcoin price chart for signs of a reversal, while Ethereum could rally and extend its gains. The correlation between Bitcoin and Ethereum is high, so any steep correction in Bitcoin's price could impact Ethereum.



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