Crypto Starts July With a Bounce, ETH ETF Launch Likely Pushed to Next Week

Jul 1, 2024

Unlock this page with a FREE 30-Day Trial!

*Free trial available only on a monthly plan

Reports you may have missed

CRYPTO MARKET UPDATE DESPITE BEING THE LAUNCH DAY FOR ETH -0.89% ETFS, CRYPTO BROADLY MOVED LOWER IN THE EARLY MORNING HOURS TODAY, POSSIBLY DUE TO MOVEMENT OUT OF THE MT. GOX TRUSTEE WALLETS. Mt. Gox sent approximately $130 million in BTC -2.38% to Bitstamp, leaving about 90k BTC -2.38% remaining in the trustee wallets. This move lower was likely also influenced by a rise in the DXY. Currently, BTC -2.38% is trading around $66.5k,...

CRYPTO MARKET UPDATE U.S. EQUITIES ARE CONTINUING THIS WEEK’S SELL-OFF, WITH THE SPY 0.97%  AND QQQ 1.40%  BOTH DECLINING APPROXIMATELY 0.28%, WHILE THE DXY N/A% AND TREASURY YIELDS INCH UPWARDS. In contrast, BTC -2.38% is moving sharply higher, trading at $65.8k, with rumors circulating that former President Trump will unveil plans to add Bitcoin as a strategic reserve at next week’s Bitcoin conference. ETH -0.89% is trading at $3,450 ahead of potential S-1 approval after...

CRYPTO MARKET UPDATE THE CRYPTO MARKET MOVED HIGHER IN THE EARLY MORNING HOURS AND IS NOW CONSOLIDATING POST-US MARKET OPEN. BTC -2.38% once again challenged the $65k level and is currently sitting just below it, following the ninth consecutive day of net inflows for BTC -2.38% ETFs. ETH -0.89% is showing outsized strength, likely due to ETF issuers filing their final documents yesterday afternoon, with the ETF launch expected on Tuesday (more on...

Sign in to read the report!

We have detected you are an active member!

or
Ray: 425dc5-005329-7f05ab-210975-5fa7c4