“Eth’s Strength Has Been Underpinned by Pro-Crypto Regulatory Signals and Heavy Inflows Into Etfs, with Traders Betting on a Retest of Its All-Time High, Some Say.”, – WRITE: www.coindesk.com
A High Jumper. (Coindesk Archives)
- ETHER (ETH) SURGED Over 21% in the Past Week, Reaching $ 4,300, While Bitcoin (BTC) Rose 3% to Hit Record Highs.
- The S&P 500 and Nasdaq Reached Near All-Time Highs, Driven by Strong Earnings Despite Political and Economic Challenges.
- Eth’s Performance Is Bolstered by Regulatory Support and etf Inflows, with Expectations of Continued Price Increases for Both Eth and BTC.
Climbing 3% to within Touching Distance of Record Highs.
BTC Led Gains Among Majors in The Past 24 Hours, With Solana’s Sol (Sol), XRP
Dogecoin
and bnb chain’s bnb
(Bnb)
Rising Nearly 1%, But Reversing All Profit-Taking from the Weekend to Start the Week in Green.
The S&P 500 Recovered from Last Week’s Post-Payrols Dip to Near All-Time Highs, While The Nasdaq Set a New Record on Strong Earnings, Shruging Offs-Filitical NOISE.
ETH HAS OUTPERFORMED SHARPLY AGAINST THIS MACRO BACKDROP, DRIVING A DIVERGENCE IN SHORT-DATED IMPLIED VALATY BETWEEN Majors.
“BTC IV REMAINS NEAR All-Time Lows While Eth Has Jumped Materially,” Said Augustine Fan, Head of Insights at Signalplus, Told Coindesk in A Moday Note.
“Term Structure on ethh is inverted, with long-dated vol Expectioned to Settle Near 70%, While Btc’s Curve Is The Opposite-Short-Dated Vol Heavly. Markets Priced Just A 5% Chance of Eth Hitting $ 4.5k in August;
Eth’s Strength Has Been Underpinned by Pro-Crypto Regulatory Signals and Heavy Inflows Into Etfs, with Traders Betting on a Retest of Its All-Time High. Bitcoin, Which Has Been Slower to Respond, is now Showing Sigins of Catching Up, Suggesting That Institutes Are Lesitant To Add Exposure Across The Board.
“Given the Strong Rally Over The Weekend, we expert prices for bot btc and ethh to continue to rise, Barring any tariff shocks,“ SAID JEFF MEI, COO at BTSE, TOLD COP. Should Also Watch Developments Around the Next Fed Chair Nomination, Plus this Week’s CPI and Ppi Releases, Which Could Shape Rate-Cut Expectations, “Mei Added.
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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The Rally Was Likely Driven by a large purchase in anticipation of future volatility, despite no immediate News catalyst.
- Zora Surged Nearly 50% in the Last 24 Hours, Pushing It Market Cap to $ 450 Million.
- The Rally Was Likely Driven by a large purchase in anticipation of future volatility, despite no immediate News catalyst.
- Trading Volume Increated Significantly As Majoor Exchanges Introduced Zora Perpetual Contracts, Enhancing Market Liquidity.
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