Ethereum

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<ul>
 <li>Bitcoin and XRP show resilience amid the tech stock rout, maintaining or gaining value.</li>
 <li>Ether slides nearly 4% post-ETF launch, underperforming against Bitcoin and other major cryptocurrencies.</li>
</ul>
In line with the CNF earlier <a href="https://www.crypto-news-flash.com/bloombergs-bold-prediction-4-billion-expected-inflows-for-bitcoin-etf-launch/" rel="noopener noreferrer nofollow">report</a> on Ethereum ETF Launch: Bloomberg’s Bold Prediction: $4 Billion Expected Inflows for Bitcoin ETF Launch, on Wednesday, both the Nasdaq and S&amp;P 500 experienced their largest drops since late 2022, with the Nasdaq falling 3.6% and the S&amp;P 500 decreasing by 2.1%.
Despite the stock market downturn, Bitcoin’s price remained steady around $66,000. However, according to Today’s Coin Market Cap, BTC is trading slightly down to $64,262 after decreasing by 2.25% in the past day and 0.65% in the past week. See BTC Price Chart below.
<div class="cryptoboxes" id="mcw-19491" data-realtime="on">
 <div class="mcw-chart mcw-chart-light" data-font="inherit" data-coin="bitcoin" data-symbol="BTC" data-currency="USD" data-rate="1.000268" data-type="chart" data-view="month" data-theme="light" data-smooth="true" data-areacolor="" data-bgcolor=""></div>
</div>
As for other crypto market <a href="https://coinmarketcap.com" rel="noopener noreferrer nofollow">performances</a>, it is reported that among major cryptocurrencies, Solana (SOL) and Ripple (XRP) saw gains of 3% to 4%, while Avalanche (AVAX), Uniswap (UNI), and Ethereum Classic (ETC) saw declines of 3% to 4%.
Probably, the negative side of the <a href="https://www.crypto-news-flash.com/spot-bitcoin-etf-launch-anticipated-to-be-a-letdown-yet-holds-trillion-dollar-attraction-over-time-advises-vaneck/" rel="noopener noreferrer nofollow">ETF launch</a> is Ether’s disappointing performance. Ether (ETH) dropped to $3,300, nearly a 4% decrease in 24 hours, marking its lowest value against Bitcoin in two months. Despite a relatively successful debut of the spot ETF, the impact on Ether’s price was minimal.
However, our previous <a href="https://www.crypto-news-flash.com/ethereum-etf-launch-analyst-predicts-eth-could-mirror-bitcoins-200-surge/" rel="noopener noreferrer nofollow">coverage</a> highlighted that analysts suggest that while the ETF launch was a positive step, it didn’t drive significant changes in Ether’s price. Traders are now focused on upcoming U.S. economic data and Donald Trump’s scheduled speech at the Nashville Bitcoin conference.

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