The Latest on Bitcoin and Ethereum Prices You Should Know 📉
Bitcoin and Ethereum have both experienced recent price dips as investors eagerly await the release of the next round of U.S. inflation data. While both assets have seen gains compared to last week, there are some key developments you need to be aware of regarding their current market performance.
Bitcoin Price Update 📉
– Bitcoin is trading below $69,000
– It has lost 2.3% in the past day
– Bitcoin price has gained 4.3% in the last seven days
Ethereum Price Update 📈
– Ethereum is currently priced just over $3,500
– It has seen a 3.4% drop in the past 24 hours
– Ethereum price surged by 6.3% in the last week
Countdown to Bitcoin Halving ⏲️
– Bitcoin’s halving event is just 9 days away
– The reward paid to miners will be reduced from 6.25 to 3.125 BTC starting April 20
– Volatility leading up to the halving has spiked, raising concerns about a delayed post-halving rally
The Future of Ethereum ETFs 🛡️
– VanEck and CoinShares express doubt about SEC approval for Ethereum ETFs
– Jan van Eck and Jean-Marie Mognetti share their skepticism about gaining approval for ETFs focused on proof-of-stake coins like Ethereum
– There is uncertainty surrounding the possible approval of Ethereum ETFs in the near future
Hot Take: What Lies Ahead for Crypto Prices? 💭
As the crypto market continues to experience fluctuations, it’s essential to stay informed about the latest developments impacting Bitcoin and Ethereum prices. Be cautious and vigilant in your investment decisions, considering the current market uncertainties and regulatory challenges involved in the ETF approval processes.
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