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

Outros artigos publicados em 10 de jul. de 2024

Shiba Inu’s Shytoshi Kusama Unveils Global Tour to Expand Web3 Influence

Top Airdrops for Long-Term Investors

Lost in the Crypto Jungle? Qubetics Whitelist Shines Brighter than SingularityNet and Theta in Yo...

Bitcoin Price Analysis Shows Potential for Growth

Terra Luna Classic’s Tax2Gas Implementation to Launch in July Amid Price Speculations

Rollblock Revenue Share Model Places It As Top Crypto Presale in 2024, Investors Bet Big Amid BNB...

Join our free newsletter for daily crypto updates!