Bitcoin all-time high in reach as Ethereum spot ETF in talks

With Bitcoin’s spot ETF proven to be a success, industry leaders are weighing the options for ETH.

With Bitcoin floating around $52,000 traders are expecting the token to continue higher after a short-term pause.

After surging from post-ETF launch lows around $43,000 Bitcoin is now over $50,000 with many traders eyeing all-time highs.

In the meantime, Ethereum has reached $3000 since its $2200 post ETF lows. Bitcoin’s current surge may be attributed to spot ETF inflows, Bitcoin dominance, and bullish market sentiment.

Many cryptocurrency traders believe Bitcoin’s overall market volatility can be attributed to ETF buyers about Blackrock and Greyscale’s spot Bitcoin ETFs.

Ethereum is also the talk of the town with institutions in talks for an Ethereum spot ETF. With Bitcoin’s spot ETF proven to be a success, industry leaders are weighing the options for Ethereum.

Chief Investment Officer Ed Hindi at Tyr Capital told cryptocurrency news website Coindesk:

The real hype will be around Ethereum. With the potential introduction of an Ether spot-ETF in the U.S., in tandem with the increased global appetite for DeFi – $5,000 for ETH in 2024 could very well be a realistic objective

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Written by Alex Buckley

Alex is an editor at CryptoGamblingNews.com who focuses on cryptocurrency and web3 gambling.