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Crypto Pulse Daily: Bhutan Goes All-In on Bitcoin with $1B Bet on Its Future City

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In a major crypto news related to the BlackRock Bitcoin Premium Income ETF, the U.S. Securities and Exchange Commission (SEC) has announced a key decision on the application. Nasdaq’s proposal to list and trade shares of the iShares Bitcoin Premium Income ETF under the Generic listing standards rule was already delayed by the SEC once during the government shutdown.

Adoption rates for Bitcoin have continued to rise beyond projections. Today, Bhutan announced that it will donate 10,000 BTC towards building Mindfulness City as it strives to develop its economy.

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Dogecoin price traded at $0.1304 on Tuesday, up 1.39% in the last 24 hours. Whales accumulated 138 million DOGE during this period, signaling renewed investor interest. The price is currently aiming at breaking out of the resistance zone above the price of $0.15 as the price starts to gain momentum.

The wider crypto market rose 0.7% as well, rebounding after the recent losses despite macroeconomic fears. Bitcoin price is targeting a move over $90,000, and Ethereum is at a standoff at nearly $3,000.

Ethereum price is trading below $3,000 after failing to sustain a short-lived recovery. The market remains cautious as ETH consolidates within a narrow range. Bulls are looking at breaking out of the market at a high of above $3,050, which can indicate the market will move upwards.

Nevertheless, when the whale wallets start selling off, ETH may fall to as low as $2,800. The mood of the market has come to rely on big players and the ability of buyers to recapture the situation at the higher level above $3,000.