Solana

Bitcoin

Coin

<ul class="news-points">
 <li>The Mt. Gox Bitcoin distribution and government sales are expected to impact Bitcoin’s price and market dominance.</li>
 <li>Ethereum and other altcoins could gain market share as the ETH Spot ETF launch approaches, shifting crypto dynamics.</li>
 <li>VanEck’s Solana ETF filing adds interest, with potential market shifts amid Mt. Gox payouts and ETH ETF launch.</li>
</ul>
Bitcoin’s price is facing headwinds from multiple sources, including the upcoming distribution of Bitcoin from the defunct Mt. Gox exchange and the anticipated launch of Ether ETFs. These developments have triggered concerns about potential selling pressure on Bitcoin and a possible shift in market dynamics towards altcoins.
Crypto investor Daan Crypto reports a slight decline in Bitcoin dominance since the Mt. Gox distribution <a href="https://coinedition.com/bitcoin-dips-below-70k-as-mt-gox-repayments-begin-but-qcp-capital-bullish-on-ethereum/" rel="noopener noreferrer nofollow">announcement</a>. This development could present an opportunity for altcoins to regain market share. Key levels to watch are 52% and 48% dominance for Bitcoin.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24BTC.D&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$BTC.D</a> Has been coming down slightly since the Mt. Gox Distribution was announced. If there was a time for alts to gain back some market share it's from a catalyst like this and the ETH ETF depending on how it does. The main levels marked on t…
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/mt-gox-bitcoin-release-eth-etf-launch-will-altcoins-outshine-bitcoin/" rel="noopener noreferrer nofollow">Mt. Gox Bitcoin Release, ETH ETF Launch: Will Altcoins Outshine Bitcoin?</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

Mt. Gox Bitcoin Release, ETH ETF Launch: Will Altcoins Outshine Bitcoin?

Coin Edition

Інші статті, опубліковані 29 черв. 2024 р.

VeChain’s VeBetterDAO Token Now Available on Major Exchanges

Crypto: AVAX’s Surge May Surpass Solana’s, Says Santiment

XRP’s price can rally by 40% ONLY if this pattern pans out!

Leave HBAR & PEPE Behind: Why BlockDAG Dominates As a Premier Crypto Investment After X1 App Launch

U.S Bitcoin ETFs See Positive Momentum Despite BTC Price Struggle

Potential U.S. Spot Solana ETFs Could Skyrocket SOL Price by Ninefold, GSR Markets Predicts

Приєднуйтеся до нашої безкоштовної розсилки для отримання щоденних оновлень щодо крипто!