Markets Daily Crypto Roundup
Crypto Update | Dencun Is a Milestone, But the Real Price Driver Is Ether ETF Hope, Says Brian Dixon
Mar 13, 2024
The podcast discusses the importance of the Dencun upgrade and the potential price drivers for Ether, including hopes for an Ether ETF. They also cover Ethereum price corrections, Grayscale's Mini GBTC fund, and the impact of crashes on Coinbase as potential indicators of the next crypto bull cycle.
13:27
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Quick takeaways
- Bitcoin's current high demand from ETFs is driving positive sentiment and sustaining price appreciation post-halving.
- Ethereum's Dancoon upgrade addresses scalability concerns, but real price driver is anticipation of an Ether ETF.
Deep dives
Bitcoin Price Surge and Halving Anticipation
Bitcoin has been consistently trading above $70,000, recently reaching an all-time high of $73,678. The anticipation of the upcoming halving event in late April, where daily production will be reduced from 900 to 450 Bitcoin, is driving positive sentiment in the industry. With current high demand from Bitcoin ETFs far exceeding daily supply, analysts expect this trend to sustain price appreciation post-halving.
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