Close Menu
Invest Intellect
    Facebook X (Twitter) Instagram
    Invest Intellect
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • Commodities
    • Cryptocurrency
    • Fintech
    • Investments
    • Precious Metal
    • Property
    • Stock Market
    Invest Intellect
    Home»Cryptocurrency»Bitcoin Pares Gains After Touching $68,000
    Cryptocurrency

    Bitcoin Pares Gains After Touching $68,000

    July 22, 20242 Mins Read


    Key Takeaways

    • Bitcoin was recently around $67,000, pulling back slightly from weekend highs.
    • Spot bitcoin ETFs hit a new all-time high of roughly $17 billion in cumulative inflows on Friday. Spot ether ETFs are expected to launch soon.
    • Bernstein analysts say the lift a reelection of former President Donald Trump could give to crypto prices isn’t fully priced into the market. The possibility of a more crypto-friendly environment in Washington may have lifted Solana lately.

    Bitcoin’s (BTC) recent climb continued Monday, cooling somewhat after prices touched $68,000 over the weekend following the news that President Joe Biden had dropped out of the 2024 presidential campaign.

    The leading cryptocurrency recently traded a bit over $67,000.

    After $383.6 million of inflows on Friday, U.S. spot bitcoin exchange-traded funds (ETFs) have reached a new all-time high cumulative flow of just over $17 billion, according to Farside Investors.

    A number of spot ether ETFs are expected to receive final approval soon, which would clear their way to be launched. Ether’s (ETH) price, recently above $3,400, was recently down nearly 2% over the last 24 hours, according to CoinDesk.

    Potential U.S. Crypto Regulatory Changes in Focus

    The perception that the Republican ticket of former President Donald Trump and U.S. Senator J.D. Vance, seen as more crypto-friendly than Biden, has perhaps lately supported crypto markets.

    However, according analysts at Bernstein said the potential positive benefits of a Trump victory is currently not properly price into the crypto market, The Block reported. Trump is scheduled to give a speech at the Bitcoin 2024 conference in Nashville on Saturday.

    Meanwhile, JPMorgan analysts wrote that a a potential bitcoin price rise could end up being temporary, as bitcoin’s price remains elevated relative to its cost of production and relative valuation compared to gold, CoinDesk reported.

    Solana (SOL) has also appeared to benefit from optimism about a more crypto-friendly regulatory environment lately. Two Solana ETF applications were sent to the U.S. Securities and Exchange Commission last month by VanEck and 21Shares, and it has gained more than 20% from the lows of last week.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Cryptocurrency Live News & Updates : Shiba Inu Price Faces Potential Volatility Ahead

    Cryptocurrency

    What’s the best Crypto to buy in August? This new Cryptocurrency could deliver 5x ROI bypassing ETH 2x

    Cryptocurrency

    Which Cryptocurrency Is More Likely to Be a Millionaire Maker? Dogecoin vs. Solana

    Cryptocurrency

    Is a Cryptocurrency Market Crash on the Horizon?

    Cryptocurrency

    Pakistan at risk of FATF grey list return over digital transactions, warns Pak Finance Minister Aurangzeb – World News

    Cryptocurrency

    FinMin raises alarm over unregulated digital deals

    Cryptocurrency
    Leave A Reply Cancel Reply

    Top Picks
    Investments

    Hosken Consolidated Investments : Squirewood acquiert 1,1 million d’actions pour 144,1 millions de rands

    Cryptocurrency

    Understanding Market Factors That Drive the Value of Cryptocurrency

    Commodities

    Metal Hammer Tracks Of The Week: August 1, 2025

    Editors Picks

    Black Spade Acquisition II Co annonce son intention de se retirer volontairement de la cote du Nasdaq Stock Market LLC

    June 2, 2025

    USDA expands Climate Smart Commodities program for pork producers

    October 30, 2024

    The Commodities Feed: Court ruling against US tariffs pushes oil higher | articles

    May 28, 2025

    Nevada teen charged with killing retired police chief unfit to stand trial

    October 12, 2024
    What's Hot

    MDS’s SCRAPMASTER 400 is designed for scrap metal recyclers

    October 30, 2024

    ED to take global cryptocurrency ponzi scandal to multilateral forums after seizing Rs 1,646 crore in assets

    February 18, 2025

    Silver price rallies another 2%, mirroring gold’s YTD gains

    June 9, 2025
    Our Picks

    ‘It’s going to make us move’: Brighton residents face skyrocketing property assessments

    March 13, 2025

    Cannes Lions 2025 : La France gagne 1 Silver et 2 Bronze en Print & Publishing – Image

    June 16, 2025

    Thailand intensifies crackdown on illegal agricultural imports

    August 20, 2025
    Weekly Top

    Which Cryptocurrency Is More Likely to Be a Millionaire Maker? Dogecoin vs. Solana

    August 24, 2025

    Gujarat emerges as India’s copper hub, amid soaring demand from sunrise sectors – Industry News

    August 24, 2025

    Four quick and easy DIY tricks to boost your property value by nearly £30k

    August 24, 2025
    Editor's Pick

    Lineworkers From Local Utilities Head South To Assist With Hurricane Relief

    October 10, 2024

    Are Target-Date Funds the easiest way to build your IRA?

    August 20, 2025

    New Cryptocurrency Releases, Listings, & Presales Today – Cornbit, Mamo, MIND of Pepe

    June 3, 2025
    © 2025 Invest Intellect
    • Contact us
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.