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cryptocurrency market

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Bitcoin’s Meteoric Rise: How Whales and Spot ETFs are Driving the Surge

Bitcoin’s price recently surged over 5%, reaching $67,800—a ten-week high—driven by increasing demand from spot ETFs and major bitcoin accumulation by large investors known as "whales," according to CryptoQuant data. Could this rally continue into Q4?
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Will Ethereum’s ETF Get the Green Light from the SEC?

As the crypto community braces for the Securities and Exchange Commission's (SEC) verdict on the eagerly awaited Ethereum exchange-traded fund (ETF), JP Morgan analysts have cast a shadow of uncertainty over its fate. Recent actions by the SEC against entities linked to Ethereum have fueled speculations about the likelihood of approval. In a recent note, JP Morgan analysts expressed skepticism, citing the SEC's undisclosed investigations into firms associated with the Ethereum Foundation. This cloud of uncertainty has left many questioning the future of Ethereum ETFs and the broader implications for the cryptocurrency market.
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