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Bitcoin Trades Steadily Above $30.5k Despite SEC Blocking Spot Bitcoin ETFs

July 2 (Cointime) - Over the weekend, Bitcoin remained steady above $30.5k, with both longs and shorts experiencing 24-hour liquidations totaling $32.7M and $34.2M, respectively.

The SEC has reportedly blocked spot Bitcoin ETFs again due to inadequate details and a lack of an identified Bitcoin exchange to participate in a surveillance sharing agreement with Nasdaq and Cboe.

Tomorrow, Bitcoin Depot plans to become the first crypto ATM operator to list on the Nasdaq. In June, Bitcoin's correlation with the Nasdaq dropped to 3%, indicating a sentiment split between cryptocurrencies and equities.

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