Women engineers at ABB contribute to a culture of safety and…Revolutionizing the Digital Landscape: Our CEO’s Vision for Unlimited Web Hosting…The cryptocurrency market has lost almost 5% over the past seven days. It has not given up important support levels but also has no significant drivers to resume growth. Bitcoin lost 4.7% over the week, in unison with the market. Ethereum lost 3%, while the top altcoins’ performance ranged between -7.7% and +11.7% .
Ethereum, on optimistic expectations about the ETF, was able to add over 6% after briefly dipping under its 50-day MA on Friday. However, a loss of nearly 1.5% since the start of the day on Monday makes one wary of the near-term performance. The increased liquidity on weekdays will likely play into the hands of bears rather than bulls by increasing selling interest.Bernstein raised the target price of the first cryptocurrency by the end of 2025 from $150K to $200K.
SEC head Gary Gensler said approval of Form S-1 for the Ethereum-ETF is possible “sometime by the end of this summer.” According to him, “individual issuers are still going through the registration process. Everything is going smoothly.”