ETH Relative Strength Continues, US-Regulated Margined Crypto Trading Coming to Cboe
Nov 13, 2023
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Market Update The crypto market is currently consolidating, following last week's rally buoyed by positive developments like BlackRock's application for a spot ETH ETF. Bitcoin is hovering around $36.8k, while Ethereum aims to break above the $2100 mark. Amidst this sideways price action in the majors, select altcoins such as $TIA, Celestia's data availability layer token, and $FIL, Filecoin's native token, continue to exhibit strength. The potential SEC approval of 19b-4 applications for BTC spot ETFs, as discussed in last week's strategy note, could bring an additional wave of liquidity thi