On Friday, Bitcoin reclaimed $25,800 levels by rising modestly. Ethereum followed suit but was unable to breach the $1,650 threshold.

After touching its six-month lows on Thursday, Bitcoin was having trouble holding onto its gains. As the rise quickly faded, some fund buying in the cryptocurrency market added to the pessimistic feelings. Before this weekend’s G-20 conference in New Delhi, all eyes will be on macroeconomic developments and crypto legislation.

On Friday, the largest cryptocurrency token gained slightly to reclaim $25,800 levels, causing Bitcoin to nudge up a little bit. Ethereum, its biggest rival, also climbed along similar lines but was unable to surpass $1,650. The smaller counterparts’ altcoin price movements remained positive.

As it makes another effort to cross the $26,000 resistance level, Bitcoin is currently trading over the $25,600 mark. It hasn’t been able to get enough traction to cross the $26,000 and $26,200 milestones, though. This pattern is consistent with historical data, which reveals that over the past six years, the price of Bitcoin has consistently decreased in September.

Over the previous week, Ethereum has fluctuated between a small trading range of $1,600 and $1,700. The US SEC has received an application from asset management companies Ark Invest and 21Shares for the development of a fund called Ark 21Shares Ethereum ETF. If approved, this would be the country’s first-ever effort to introduce a spot Ethereum ETF.

The majority of the biggest crypto tokens were trading marginally higher on Thursday, with a few outliers, while selling in bigger peers weighed on the markets. Toncoin gained 4%, while Tron gained roughly 2% among the gainers. Solana lost 2%, Dogecoin and Cardano lost roughly 1% each, and Solana lost 3% overall.

The market capitalization of all cryptocurrencies was trading nearly constant at $1.04 trillion, having decreased marginally during the previous day. The total trading volume did, however, increase by more than 10% to $26.72 billion.

For another day, albeit a very brief one, BTC’s price stayed inside a constrained range. Around the time when word surfaced that Cathie Wood’s ARK Invest, a big tech investor, had applied for a spot Ethereum ETF in the US, there was a small dump and pump.

Additionally, Google’s ad services will now permit NFT game developers to advertise their games that use in-game digital asset exchanges as long as they do not include any gambling-related components, marking one of the most significant modifications to product policy in recent memory. Google had approved the listing of these games on the Play Store in July of this year.

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