Ethereum Surges, Bitcoin and Dogecoin Flatline Following SEC Win: Could Bitcoin Bounce 80% Soon?

Ethereum (ETH) rallied on Wednesday following a major regulatory win against the SEC, while Bitcoin (BTC) and Dogecoin (DOGE) remained stagnant. The SEC closed its investigation into whether Ethereum is a security, boosting bullish sentiment. Ethereum's Open Interest (OI) soared 3.43% in the last 24 hours, indicating strong demand. Bitcoin's OI growth was more muted, rising just 0.61%. This contrast in price action could point to a potential 80% bounce in Bitcoin over the next two weeks, according to analyst Mister Crypto, who noted a similar pattern in 2020. While the market's "Greed" sentiment has cooled this week, analysts like Michaël van de Poppe see the recent slump in altcoins as a positive sign, comparing it to the pre-bull market phase in 2020. Investors are eagerly awaiting Thursday's jobless claims figures and housing starts data.