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Bitcoin and Ethereum Prices Resilient Amidst Bleak Market Conditions and US SEC Lawsuits

Bitcoin and Ethereum prices are showing resilience due to positive macro factors, despite bleak market conditions caused by US SEC lawsuits against Binance and Coinbase and selling pressure on Cardano, Solana, and Polygon. Investors are preparing for key events this week, including US CPI and PPI data, the US Federal Reserve's monetary policy decision, and interest rate decisions by the European Central Bank and Bank of Japan.

While stock markets are approaching fresh 52-week highs, Bitcoin and Ethereum prices have failed to show strong price action due to uncertainty surrounding Binance and Coinbase lawsuits. The US Treasury Dept is also expected to issue $1 trillion in treasury bills by the end of the third quarter, which could keep BTC and ETH prices under pressure.

Bitcoin Bitcoin $98,546.59
-0.31%
Bitcoin Ethereum Binance Coinbase
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