#etf-approval

#etf-approval

Analysts are keenly watching the SEC's decision on an Ethereum ETF, which could impact the cryptocurrency market significantly.

Bitcoin is trading within a narrow range around $68,000 after a strong May. ETH price increase linked to ETF approval prospects. US economic data impacting crypto market.

The increase in the chances of Ethereum ETF approval from 25% to 75% by Bloomberg analysts had a significant positive impact on the crypto market.

Ethereum price dropped 4% after U.S. ether ETF approval, illustrating 'sell the news' behavior in the market.

Meme coins like PEPE, SHIB, and DOGE surged up to 26% in the past 24 hours due to a 'spillover effect' from Bitcoin and Ethereum growth.

Traders use meme coins to bet on Ethereum's growth; bullish demand has been rising since expectations of a spot ETF approval in the U.S.

Bitcoin hits new highs driven by ETF approval and upcoming 'halving' event

Crypto Fear & Greed Index indicates potential market correction

Galaxy Digital's significant growth driven by improved crypto market conditions

Stifel analyst predicts strong performance and recommends Galaxy Digital as a core holding for equity investors

Ether (ETH) hit $4,000, the highest in over two years.

Ether outperformed bitcoin in the last 30 days.

Ether's price surpassed $3,000 for the first time since April 2022, with a 12% increase in the past week, outperforming other cryptocurrencies.

The broader cryptocurrency market has seen positive growth in 2024, with ETH surging nearly 30% since the beginning of the year, surpassing Bitcoin's 22% advance.