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#Ethererum #coin
Here’s the latest news on Ethereum (ETH) as of today, July 10, 2024:
1. Ethereum Price Movement (Live Update)
ETH Price $3,050 (down ~2% in 24h)
Market Cap:$366B
Key Levels:
Support: $2,950 - $3,000
Resistance: $3,150 - $3,200
2. SEC Closes Investigation Into Ethereum (No
Securities Charges)
The U.S. SEC has dropped its investigation into Ethereum, confirming it will not pursue charges that ETH is a security.
This is a major win for Ethereum and could reduce regulatory uncertainty.
Impact: Bullish sentiment, but ETH price reaction muted due to broader market weakness.
3. Ethereum ETF Launch Updates
Spot Ethereum ETFs are still awaiting final SEC approval (S-1 forms).
- Latest reports suggest launch by mid-to-late July 2024.
Bloomberg analysts (e.g., Eric Balchunas) estimate a July 15-18 launch window.
4. Ethereum Network Activity & Upgrades
Pectra Upgrade (Early 2025): Next major upgrade after Dencun, focusing on wallet improvements (EIP-3074) and EVM efficiency.
Layer-2 Growth: Arbitrum, Optimism, and Base continue dominating Ethereum scaling.
5. Whale & Institutional Moves
A whale just moved 32,000 ETH (~$97M) to Kraken, possibly signaling a sell-off.
Grayscale’s ETHE discount narrows to 8% as ETF approval nears.
6. Market Sentiment & Predictions
Q3 Catalyst: Ethereum ETF inflows could drive a rally if Bitcoin stabilizes.
Bearish Risks:Macro uncertainty (Fed rates, US election) and potential ETF delays.
What’s Next for Ethereum?
ETF Launch (July?)→ Potential price surge.
Pectra Upgrade News→ Long-term bullish.
Macro Risks→ Fed decisions & crypto regulation.
Here’s the latest news on Ethereum (ETH) as of today, July 10, 2024:
1. Ethereum Price Movement (Live Update)
ETH Price $3,050 (down ~2% in 24h)
Market Cap:$366B
Key Levels:
Support: $2,950 - $3,000
Resistance: $3,150 - $3,200
2. SEC Closes Investigation Into Ethereum (No
Securities Charges)
The U.S. SEC has dropped its investigation into Ethereum, confirming it will not pursue charges that ETH is a security.
This is a major win for Ethereum and could reduce regulatory uncertainty.
Impact: Bullish sentiment, but ETH price reaction muted due to broader market weakness.
3. Ethereum ETF Launch Updates
Spot Ethereum ETFs are still awaiting final SEC approval (S-1 forms).
- Latest reports suggest launch by mid-to-late July 2024.
Bloomberg analysts (e.g., Eric Balchunas) estimate a July 15-18 launch window.
4. Ethereum Network Activity & Upgrades
Pectra Upgrade (Early 2025): Next major upgrade after Dencun, focusing on wallet improvements (EIP-3074) and EVM efficiency.
Layer-2 Growth: Arbitrum, Optimism, and Base continue dominating Ethereum scaling.
5. Whale & Institutional Moves
A whale just moved 32,000 ETH (~$97M) to Kraken, possibly signaling a sell-off.
Grayscale’s ETHE discount narrows to 8% as ETF approval nears.
6. Market Sentiment & Predictions
Q3 Catalyst: Ethereum ETF inflows could drive a rally if Bitcoin stabilizes.
Bearish Risks:Macro uncertainty (Fed rates, US election) and potential ETF delays.
What’s Next for Ethereum?
ETF Launch (July?)→ Potential price surge.
Pectra Upgrade News→ Long-term bullish.
Macro Risks→ Fed decisions & crypto regulation.
#FOMCMeeting
The latest FOMC (Federal Open Market Committee) meeting concluded on June 12, 2024, with the Fed keeping interest rates unchanged at 5.25%-5.50%, maintaining a cautious stance amid mixed economic data.
Key Takeaways from the June 2024 FOMC Meeting:
1.Interest Rates Unchanged The Fed held rates steady for the 7th consecutive meeting, signaling a prolonged pause.
2.Inflation Concerns The Fed acknowledged slower progress toward the 2% inflation target, with recent CPI data showing stubborn price pressures.
3.Fewer Rate Cuts Expected The dot plot indicated only 1 rate cut in 2024 (down from 3 projected in March).
4.Economic Growth & Labor Market The Fed upgraded 2024 GDP growth to 2.1% (from 1.4% in March) but noted a cooling labor market.
5. Balance Sheet Reduction (QT) The Fed will slow its quantitative tightening (QT) pace, reducing Treasury roll-off from $60B to $25B/month starting in June.
Market Reaction:
Stocks dipped slightly as investors adjusted to fewer rate cuts.
Treasury yields rose, with the 10-year yield near 4.30%.
- The US Dollar (DXY) strengthened.
Next FOMC Meetings in 2024:
July 30-31
September 17-18
November 6-7
December 17-18
The latest FOMC (Federal Open Market Committee) meeting concluded on June 12, 2024, with the Fed keeping interest rates unchanged at 5.25%-5.50%, maintaining a cautious stance amid mixed economic data.
Key Takeaways from the June 2024 FOMC Meeting:
1.Interest Rates Unchanged The Fed held rates steady for the 7th consecutive meeting, signaling a prolonged pause.
2.Inflation Concerns The Fed acknowledged slower progress toward the 2% inflation target, with recent CPI data showing stubborn price pressures.
3.Fewer Rate Cuts Expected The dot plot indicated only 1 rate cut in 2024 (down from 3 projected in March).
4.Economic Growth & Labor Market The Fed upgraded 2024 GDP growth to 2.1% (from 1.4% in March) but noted a cooling labor market.
5. Balance Sheet Reduction (QT) The Fed will slow its quantitative tightening (QT) pace, reducing Treasury roll-off from $60B to $25B/month starting in June.
Market Reaction:
Stocks dipped slightly as investors adjusted to fewer rate cuts.
Treasury yields rose, with the 10-year yield near 4.30%.
- The US Dollar (DXY) strengthened.
Next FOMC Meetings in 2024:
July 30-31
September 17-18
November 6-7
December 17-18
$BTC Bitcoin (BTC) Today: Price Holds Steady Amid Market Uncertainty
Bitcoin Price Stability
As of today,Bitcoin (BTC) is trading around $BTC 68,500, showing resilience despite recent market fluctuations. The $70,000 resistance remains a key psychological barrier, with traders watching for a potential breakout or correction.
Spot Bitcoin ETFs See Mixed Flows
After weeks of strong demand, U.S. spot Bitcoin ETFs recorded minor outflows yesterday, totaling $BTC 35 million. However, BlackRock’s IBIT and Fidelity’s FBTC continue to dominate, holding a combined $30 billion+ in BTC.
Mt. Gox Repayment Fears Ease
Despite initial concerns, analysts suggest that most Mt. Gox creditors may hold rather than sell their Bitcoin, reducing fears of a massive market dump when repayments begin in July.
Germany’s Bitcoin Sell-Off Continues
The German government has sold another 1,300 #BTC (~$90M) from its seized holdings, adding slight downward pressure. They still hold over 40,000 BTC, keeping traders alert for further sales.
Institutional Interest Remains Strong
-MicroStrategy bought an additional 11,931 BTC (~$800M) in June, bringing its total stash to 226,331 BTC (~$15.5B).
- Tether (USDT) announced plans to invest $1B+ in Bitcoin mining, signaling long-term bullishness.
What’s Next for BTC?
- Fed Rate Cut Speculation: A potential September rate cut could boost Bitcoin’s appeal.
-Technical Outlook: If BTC holds above $67,000, a retest of $70,000 is likely. A drop below may signal a deeper correction.
Stay tuned for real-time updates! 🚀 #BTC
Bitcoin Price Stability
As of today,Bitcoin (BTC) is trading around $BTC 68,500, showing resilience despite recent market fluctuations. The $70,000 resistance remains a key psychological barrier, with traders watching for a potential breakout or correction.
Spot Bitcoin ETFs See Mixed Flows
After weeks of strong demand, U.S. spot Bitcoin ETFs recorded minor outflows yesterday, totaling $BTC 35 million. However, BlackRock’s IBIT and Fidelity’s FBTC continue to dominate, holding a combined $30 billion+ in BTC.
Mt. Gox Repayment Fears Ease
Despite initial concerns, analysts suggest that most Mt. Gox creditors may hold rather than sell their Bitcoin, reducing fears of a massive market dump when repayments begin in July.
Germany’s Bitcoin Sell-Off Continues
The German government has sold another 1,300 #BTC (~$90M) from its seized holdings, adding slight downward pressure. They still hold over 40,000 BTC, keeping traders alert for further sales.
Institutional Interest Remains Strong
-MicroStrategy bought an additional 11,931 BTC (~$800M) in June, bringing its total stash to 226,331 BTC (~$15.5B).
- Tether (USDT) announced plans to invest $1B+ in Bitcoin mining, signaling long-term bullishness.
What’s Next for BTC?
- Fed Rate Cut Speculation: A potential September rate cut could boost Bitcoin’s appeal.
-Technical Outlook: If BTC holds above $67,000, a retest of $70,000 is likely. A drop below may signal a deeper correction.
Stay tuned for real-time updates! 🚀 #BTC
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