For its part, Ethereum falls 1.3% to $1,790. The only altcoin that is saved from the general declines is Cardano, which rises 4.1%.
Analyst EmperorBTC said: “Looks like the rally to $32,000 was just a deviation. I didn’t expect the top of the previous range to act as such a strong resistance. Waiting for support at the checkpoint now and will trade spot there.” .
On the other hand, PayPal Holdings Inc said on Tuesday that it will now allow users to transfer cryptocurrencies, including Bitcoin, to external wallets.almost two years after the fintech giant opened its platform to digital currencies.
The feature will be available to some US users starting Tuesday and will roll out to all eligible US customers in the coming months, the San Jose, California-based company said.
PayPal started allowing customers to buy, sell, and hold Bitcoin, Ethereum, Bitcoin cash, and Litecoin in October 2020. However, users were unable to move their crypto holdings off of its platform before.
At the same time, US Senators Cynthia Lummis and Kirsten Gillibrand introduced the full version of a bipartisan bill aimed at regulating the cryptocurrency sector. The project introduces legal definitions for digital assets and virtual currencies. In addition, it also defines the powers of the supervisory agencies.
Source: Ambito
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