Bitcoin traders lose interest while Ethereum ETFs could attract up to $5 billion inflows

📆 7/2/2024 2:02 PM
📰 FXStreetNews

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Bitcoin,Ethereum,Ripple

Bitcoin holds above $61,000 as Daily Active Addresses is highest since mid-April Ethereum trades at $3,449, with the altcoin sustaining above key support at $3,400 ahead of the likely ETF approval, expected as early as Thursday, July 4.

Bitcoin market sees a decline in volatility per on-chain data from Crypto Quant. Bitcoin ETFs saw a net inflow of $129 million on July 1; on-chain analysts predict a relief rally in BTC. Gemini predicts that Spot Ethereum ETFs could attract up to $5 billion in inflows, per a recent report. Ethereum sustained above $3,400 on Tuesday, adding nearly 3% to its value in the past week. Bitcoin, Ethereum, XRP update Bitcoin trades at $62,787 under the $63,000 level early on Tuesday.

is likely to extend gains and rally towards the 50% Fibonacci retracement level of the decline from the March 4 top of $0.000048 to the April 13 low of $0.000012.

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