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MARKETS DAILY: 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 bull case for the market, Ethereum price corrections, expectations for an Ether ETF, Grayscale's mini GBTC fund, and Coinbase crashes. It covers the impact of the Dancun upgrade on Ethereum, the importance of an Ethereum ETF, Grayscale's new fund, macroeconomic debates, and regulatory factors in the crypto industry.
13:27
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Quick takeaways
- Bitcoin reaching all-time high above $73,000, fueled by impending halving event and high demand from ETFs.
- Ethereum's Dancong upgrade and potential ETF spark price speculation, highlighting scalability importance for competition.
Deep dives
Bitcoin Price Surge and Halving Anticipation
Bitcoin has recently surged to an all-time high, exceeding $73,000, maintaining levels above $70,000 for an extended period. Analysts anticipate future price movements, particularly post the impending halving event in April. The halving will reduce daily Bitcoin production, while the demand, notably from Bitcoin ETFs, far exceeds supply, suggesting continued price appreciation.
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