Bitcoin Drops Below $68K, Ether Slumps in Sudden Crypto Sell-Off as ETH ETF Decision Looms
The sell-off was broad-based, with DOGE, SHIB, AVAX, LINK diving more than 4% in less than an hour.
The sell-off was broad-based, with DOGE, SHIB, AVAX, LINK diving more than 4% in less than an hour.
The company wants to make Ireland its European headquarters.
Grayscale’s GBTC remains the biggest of the funds, with more than $20 billion of bitcoin at current prices, but BlackRock’s IBIT is only a small bit behind.
The latest in blockchain tech upgrades, funding announcements and deals. For May 23. NOTE: Protocol Village will be on hiatus May 24-June 2 as we cover CoinDesk’s Consensus conference in Austin, Texas. We will resume publishing June 3. Hope to see you there!
The latest price moves in crypto markets in context for May 23, 2024.
Ether spot ETF approval would set a precedent as the first non-bitcoin digital asset to be considered a commodity, raising expectations that solana could follow the same path, the report said.
The recent surge in PEPE’s value is partly attributed to its use as a levered bet on the growth of the Ethereum ecosystem, with traders anticipating the approval of a spot ether exchange-traded fund (ETF) in the U.S.
Ether’s price jumped 18% in six days on mounting speculation the U.S. SEC will approve a spot ETH exchange-traded fund (ETF). Some traders expect it to hit $5,000 by the end of June.
The forecast mirrors the market reaction after spot bitcoin ETFs were approved in January, QCP said.
There is a 90% probability the SEC will approve a spot ether ETF, one observer said, drawing attention to the narrowed discount in the Grayscale Ethereum Trust.