Bitcoin ETF

Bitcoin

Shiba Inu

Spot

<ul class="news-points"> 
 <li>Bitcoin and Ether touched the 200-day MA for the first time since October 2023.</li> 
 <li>Shiba Inu (SHIB) burn rate rose 347.32%, with 27.7 million tokens burned.</li> 
 <li>Spot BTC ETFs recorded $216 million in net inflows on Tuesday.</li> 
</ul> 
The crypto market rallied on Wednesday, with Bitcoin (BTC) and other digital currencies posting notable gains. This upswing follows a sharp price decline over the past few days triggered by selling pressure from the bankrupt crypto exchange Mt. Gox and the German government. 
According to <a href="https://coinmarketcap.com/" target="_blank" rel="nofollow">data</a> from CoinMarketCap, Bitcoin has risen 1.51% after a 3.36% drop over the past seven days, while Ether (ETH) reclaimed the $3,000 price level but failed to hold above $3,100. ETH has fallen more than 7% in the past week. 
The Fear and Greed Index still reads ‘Fear,’ according to data from <a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="nofollow">alternative.me</a>, with a value of 28. 
Conversely, spot Bitcoin exchange-traded funds (ETFs) saw $216 million in net inflows on Tuesday, <a href="https://sosovalue.xyz/assets/etf/us-btc-spot" target="_blank" rel="nofollow">as per data</a> from SoSoValue. A July 10 report from K33 Research noted: 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 “Although Bitcoin ETF flows continue to be strong, BTC is currently plagued with the distribution of seized BTC from governments and Mt. Gox. ETH spot ETFs offer t…
</blockquote>
The post <a href="https://coinedition.com/crypto-market-update-bitcoin-ether-rally-altcoins-surge-but-caution-remains/">Crypto Market Update: Bitcoin, Ether Rally, Altcoins Surge, But Caution Remains</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Crypto Market Update: Bitcoin, Ether Rally, Altcoins Surge, But Caution Remains

Coin Edition

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