Blockchain
Bitcoin Soars Above $67,000 on Renewed ETF Inflows – Blockchain News, Opinion, TV & Business
Bitcoin (BTC) rose above $67,000 early Friday, reversing Thursday’s decline below $65,000. This increase coincides with a pickup in inflows into spot bitcoin ETFs, marking four consecutive days of positive additions. The week was also notable for the disclosure of major holdings in BTC ETFs by major institutional players. Morgan Stanley, for example, revealed a substantial investment of $269.9 million in Grayscale’s GBTC Yesterday.
The aether’s potential for positive surprises
While Ethereum (ETH) underperformed compared to other major digital assets this year, it shows the potential for significant upside. The second largest cryptocurrency has seen mixed performance recently, but may be on the verge of a recovery significant increase in prices, according to several prominent analysts. While it has lagged Bitcoin’s gains this year, bullish forecasts suggest ETH could potentially reach five-figure values. The significance of potential spot approvals of ETH ETFs in the US could also have a significant impact on the market.
Fantom’s FTM focuses on the sonic upgrade
The Fantom blockchain FTM has been one of the best-performing non-meme tokens over the past week, rising 13% over the past seven days to around 81 cents. This push has been supported by the positive market reception of the Sonic update and the increase in total value locked (TVL) on the protocol. The Fantom Foundation has been actively promoting Sonic, its latest update, which is set to improve transaction speeds up to 2,000 transactions per second with a finality of 1.1 seconds, a significant improvement over the just over 2.5 TPS recorded in the last month, on-chain. the data shows.