CRYPTO 101
Crypto Rundown: The Ethereum ETF Is Coming
May 23, 2024
Cryptocurrency expert Brendan Viehman and enthusiast Tevo discuss the Ethereum ETF developments, from increased approval likelihood to market surges. They analyze Ethereum's breakout, its impact on Bitcoin dominance, and the political shift towards positive crypto sentiments. Reflecting on Bitcoin Pizza Day, they explore the historical event's implications and upcoming crypto events.
51:23
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Quick takeaways
- Increased likelihood of Ethereum ETF approval led to significant price surges and possible altcoin season.
- Approval of Ethereum ETF affected Bitcoin dominance, signaling a shift favoring altcoins over Bitcoin.
Deep dives
Ethereum ETF Approval Sparks Crypto Market Surge
The surge in Ethereum's price and the overall crypto market was triggered by the potential approval of Ethereum ETFs. Previously uncertain, the likelihood of approval suddenly increased to 75%, leading to significant price movements. Ethereum saw a 26.5% increase in just 48 hours, crossing key resistance levels and signaling a possible altcoin season.
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