"Bitcoin Flirts with $100K as Crypto Industry Hails New Leadership"

Bitcoin (BTC) is testing the $98,000 level, with buyers attempting to push it towards $100,000. The flagship cryptocurrency is up over 1% and trading around $99,100. BTC has been trading between $97,000 and $98,000 in the past 24 hours, with neither buyers nor sellers able to influence the price decisively.

The crypto industry is cheering as two more agencies could change their approach to crypto under new leadership. The Office of the Comptroller of the Currency (OCC) and the Consumer Financial Protection Bureau (CFPB) are expected to adopt a more crypto-friendly stance. Rodney Hood, the stand-in chief at the OCC, is a crypto-friendly former chairman of the US credit union watchdog. Meanwhile, the CFPB, which has been criticized for its fights with major corporations, could potentially be shut down under the leadership of Russ Vought.

South Korea must introduce crypto ETFs to remain competitive in global finance, according to the Chairman of the Korea Exchange, Jung Eun-bo. He highlighted that South Korea is the third-largest real cryptocurrency trading country and that delaying crypto ETFs could leave it trailing competitors already moving ahead. Jung also spoke about regulations and warned that excessive legislation could hinder innovation in the market.

Grayscale has filed for the first-ever spot Cardano ETF, raising expectations for approval by the SEC. The move is part of Grayscale's attempts to expand institutional access to digital assets beyond Bitcoin and Ethereum. Following the announcement, ADA has surged over 15%.

Bitcoin (BTC) is testing the resistance around the 50-day SMA as buyers look to push it towards $100,000. The flagship cryptocurrency is trading at around $98,500, with buyers in control. Despite optimism that bullish momentum may be building, BTC remains confined within a trading range of $90,000 and $108,000. BTC must achieve a decisive breakout from this trading range to establish a long-term trend.

Ethereum (ETH) witnessed a significant event on Monday, with 224,410 ETH pulled from exchanges, the highest single-day net outflow in