Litecoin's Value Decreases Following Delay in LTC ETF Decision, Bitcoin Holds Steady at $94K (Market Analysis)

Bitcoin's price made an unsuccessful attempt to break the $95,000 resistance, following which it was pushed back by a significant amount. Most altcoins, led by Litecoin, are experiencing downturns after the US SEC postponed its decision on an ETF application.

Bitcoin, however, recovered strongly at the end of April and the start of May, going from a slip to $93,000 to over $97,000. It even touched $98,000 for the first time in over two months but has since gradually lost value, currently standing at just over $94,000. Litecoin took a hit following the ETF decision delay, dropping by 7% and currently hovering just above $80.

Despite a few minor gains, the total cryptocurrency market has lost another $40 billion, bringing it down to $3.030 trillion.