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<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/eth-etfs-near-1-billion-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH ETFs Near $1 Billion Mark</a><br></p>
<p style="text-align: justify">Spot Ethereum ETFs have achieved a significant milestone, reaching a trading volume of $937 million today, trailing closely behind <a href="https://en.bitcoinhaber.net/exploring-jpmorgans-potential-move-into-bitcoin-etfs-despite-ceos-criticism" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> ETFs, which stand at $1.1 billion. Ethereum ETFs have surpassed $850 million, although Bitcoin is trading below $66,000 due to an influx of approximately 45,000 BTC into the Kraken exchange.</p>
<h2 id="impact-of-mtgox-repayments">Impact of MtGox Repayments?</h2>
<p style="text-align: justify">Simultaneously, Bitstamp exchange announced that creditors of the now-defunct MtGox would begin receiving repayments starting July 25. This development has somewhat dampened investor risk appetite. The market sentiment is also influenced by a recent $1.1 trillion loss in the U.S. <a href="https://finance.coin-turk.com/" rel="noopener noreferrer nofollow" target="_blank" data-wpel-link="exclude">stock markets</a>, further adding to the overall negativity.</p>
<h2 id="market-outlook-for-ton-coin">Market Outlook for TON Coin?</h2>
<p style="text-align: justify">In the medium and long term, the market outlook for cryptocurrencies remains positive. However, TON Coin has been affected by the prevailing market sentiment, with its price touching the $6.77 support level. If the price closes below this point, it is expected to drop to $6 and $5.5. Conversely, a sharp increase could propel the price to $7.72.</p>
<h2 id="key-inferences-for-investors">Key Inferences for Investors</h2>
<p style="text-align: justify">Investors can derive the following actionable insights:</p>
<ul>
 <li>Bitcoin’s recent influx into Kraken may signal potential price volatility.</li>
 <li>MtGox repayments starting July 25 could impact market sentiment.</li>
 <li>A large loss in U.S. stock markets may contribute to crypto market negativity.</li>
 <li>TON Coin’s price movements are critical at the $6.77 support level.</li>
 <li>Keep an eye on Ethereum ETFs as they approach the $1 billion mark.</li>
</ul>
<p style="text-align: justify">ADA Coin has seen a decline to its moving averages, warning investors of continued sales during rallies. If the declines persist, the price could drop to the strong support level of $0.35. On the upside, a close above $0.46 would target $0.52.</p>
<p style="text-align: justify">For AVAX, the SMA20 is flattening at $27.55, with the RSI showing no clear trend. Continued sales could push the price down to $24 and $21.8. However, a price recovery from moving averages could trigger a move to $37 and $42, provided the $33 resistance does not pose as an obstacle.</p>
<p style="text-align: justify">Shiba Coin’s price, squeezed between moving averages, is stuck in a narrow range. Closes below SMA20 could lead to a drop to $0.000015 and then to $0.000013. However, a significant upward move is possible if prices close above $0.00002, targeting $0.000026.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/eth-etfs-near-1-billion-mark" data-wpel-link="internal" rel="noopener noreferrer nofollow">ETH ETFs Near $1 Billion Mark</a></h5>

ETH ETFs Near $1 Billion Mark

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Alte articole publicate pe 25 iul. 2024

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