Wild Price Swings in Bitcoin and Ether Following Approval of Spot ETH ETF

Thursday, 23 May 2024, 22:29
The recent approval by U.S. regulators for listing spot ETH ETFs has caused significant volatility in the prices of Bitcoin and Ether. This decision has led to approximately $350 million in liquidations across the market. Traders and investors are closely monitoring the impact of this approval on the crypto market.
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Wild Price Swings in Bitcoin and Ether Following Approval of Spot ETH ETF

Bitcoin and Ether Price Swings

Wild price swings have been observed in Bitcoin and Ether following the approval of spot ETH ETFs by U.S. regulators.

Spot ETH ETF Approval

U.S. regulators have approved the listing of spot ETH ETFs, but trading is yet to be cleared.

  • Significant volatility in both Bitcoin and Ether prices
  • $350 million in liquidations triggered

Traders and investors are closely monitoring the market's reaction to this development.

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