The rejection of Bitcoin ETF applications by the SEC initially caused a negative reaction in the market, but the shallow fall in Bitcoin and altcoins suggests that buyers are still interested at lower levels. Bitcoin is consolidating near the $31,000 resistance level, with the potential for an upside breakout. Other cryptocurrencies like Ether, BNB, XRP, Cardano, Dogecoin, Solana, Litecoin, Polygon, and Polkadot are also showing signs of potential upward movement.
