Valkyrie Applies for Bitcoin Spot ETF, CleanSpark Expands Operations in Georgia
Jun 22, 2023
After three consecutive days of declines, traditional indices are rebounding, with the SPY 0.49% and QQQ 0.80% rising 0.10% and 0.61%, respectively. In contrast, after three days of sharp gains, BTC (-0.22%) and ETH (-0.57%) have cooled off. The emergence of multiple Bitcoin spot ETF applications from reputable financial institutions has sparked a Bitcoin-led rally, with Bitcoin dominance (BTC.D) rising to 51.34%, its highest level since April 2021. Despite Bitcoin outperforming most altcoins, the leader in the top-100 coins over the last seven days is PEPE, rising 81.2%, raising questions about whether Pepe will dethrone Doge and Shiba Inu as the most popular meme-coins going forward.