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Bitcoin ($BTC) surged to $66K and Ethereum ($ETH) surpassed $3,500, leading to over $50M in short liquidations within 24 hours. Data shows $BTC had $30M and $ETH had $21M in short liquidations. The total market saw $155M liquidated. Analysts highlight positive sentiment and institutional inflows. #Update
21Shares updates its S-1 filing for a Spot Ethereum ETF, offering a six-month sponsor fee waiver or until assets hit $500M, to attract investors. #Ethereum #CryptoNews
Ethereum’s supply on exchanges hits a 34-month high as $ETH surges past $3,500, trading at $3,490. Daily volume jumps 7.6% to $19.8B. Whale transactions drop 12%, smaller deposits drive the supply rise. #Ethereum #Update
Two Ethereum wallets from the ICO era moved 3,631 ETH to Kraken as the spot $ETH ETF approval nears. Wallet 0xdb3 sent 2,631 ETH, while 0xbf5 sent 1,000 ETH. This surge in activity has pushed $ETH prices to $3,500. Analysts foresee potential growth to $4,500.
Deribit is launching BTC and ETH options expiring on Nov 8, 2024, to let investors speculate on the U.S. election’s impact on the crypto market. This early rollout, starting July 18, meets client demand for strategic positioning. #Crypto #Update
? The SEC has approved spot Ethereum ($ETH) ETFs for trading starting July 23. Issuers expect up to $5B inflows in 6 months, possibly $20B in a year. ETH’s price surged 12% in 5 days due to this news. #CryptoNews
Spot Bitcoin ETFs have surged to $16.16B, outpacing estimates. Major players like @MillenniumMgmt, Apollo Global, and Susquehanna hold 17% of assets. Meanwhile, Grayscale Bitcoin Trust faces outflows due to high fees. #Update $BTC #CryptoNews
.@VitalikButerin calls out low investment in Web3 infrastructure, favoring niche, high-revenue projects like “casinos.” This trend hurts open-source startups vital for decentralization. He urges a shift in investment strategy for sustainable growth. #Web3
Spot Ethereum ETF launches on July 23, aligning with a major Bitcoin Conference in Nashville. SEC approval anticipated next week. This milestone signals broader acceptance among investors and hints at market stability. #CryptoNews
Investors are now more bullish on $ETH than $BTC, driven by the upcoming Ether Spot ETFs in the U.S. $ETH futures and options show strong recovery and high volatility, reflecting investor confidence. #Update
Last week, the crypto market saw $1.43B inflows, led by $BTC at $1.34B. $ETH had its best week since March with $72M. Altcoins like $SOL, $AVAX, $LINK, and $XRP also gained. U.S. led regional inflows. Anticipated Spot Ethereum ETF approval fuels optimism. #CryptoNews
Ethereum ($ETH) has outperformed Bitcoin ($BTC) in the past two months. Analysts predict the upcoming Ethereum ETF could boost ETH’s market position, attracting $750M to $1B in monthly inflows. Meanwhile, $8.5B in BTC returned to Mt. Gox creditors might pressure Bitcoin’s price. #Update
SEC remains silent on spot Ethereum ETF approval, leaving market participants in suspense. $ETH holders and major players are accumulating in anticipation. Approval could attract $1B monthly and push $ETH past $3,200, potentially sparking a bull run to $4,000. #Ethereum #Update
Kraken’s Thomas Perfumo predicts spot Ethereum ETFs could attract up to $1B monthly, potentially driving $ETH to new highs. He cites factors like the upcoming US election, possible rate cuts, and cooling inflation as bullish catalysts. #Ethereum #CryptoNews
