Positive signal from spot Bitcoin ETFs: Will the rise begin?
Spot Bitcoin exchange-traded funds (ETFs) in the US reported net inflows of $21.52 million on Wednesday, continuing the positive streak that began on Tuesday.
World of Cryptocurrency
Spot Bitcoin exchange-traded funds (ETFs) in the US reported net inflows of $21.52 million on Wednesday, continuing the positive streak that began on Tuesday.
With the $10 billion option on Bitcoin and Ether expiring on Friday, an upside move is expected in the market.
Ethereum experiences longest inflation since Merge
Experts evaluate how altcoins such as NEAR coin and Ethereum will follow depending on Bitcoin’s price movements.
Ethereum supply is experiencing its longest inflationary period since the 2022 upgrades, and the blockchain’s March Dencun upgrade may be the reason for this. According to Ethereum data board ultrasoundmoney, Ether supply has been gradually increasing, bringing the total supply to 112 as of April 14.
Over 25% of options are set to expire “in the money,” Deribit’s Luuk Strijers told CoinDesk.
While investors are looking forward, US SEC Chairman Gary Gensler spoke about the spot Ethereum ETF approval process in his recent statements.
The latest price moves in crypto markets in context for June 25, 2024.
Ether and other digital assets need a better regulatory regime and the narrative is expected to improve around the U.S. elections later this year, the report said.
Crypto whales have increased their activities. While whales are selling WIF Coin and 2 tokens, one whale in particular is accumulating this altcoin.