The crypto market experienced a 1.40% decline, with a total market capitalization of $2.75 trillion. Bitcoin fell below $70,000, while Ethereum (one of the top 10 altcoins) remained above $3,500.
Fidelity Investments joined other institutions in seeking approval for an Ethereum ETF. The “Fear and Greed Index” decreased slightly, indicating extreme greed and increased buying activity in the market.
Bitcoin Cash, Dogecoin, Singularity NET, Maker, and Fetch.ai showed positive performance, while Lido DAO experienced a significant loss. The US release of economic indicators such as Final GDP, Unemployment Claims, and Pending Home Sales was expected to impact market volatility.
BlackRock’s Bitcoin ETF saw significant inflows, potentially overtaking Grayscale’s GBTC. MicroStrategy’s co-founder expressed optimism for Bitcoin trading.
Sanctions were imposed on Gaza Now and its founder for alleged financial assistance to Hamas. Coinbase’s motion to dismiss the SEC lawsuit was denied, leading to speculation about the future of the case. KuCoin announced a $10 million airdrop to address recent legal issues.
Source: COINGABBAR
