Ethereum Gains Momentum as Bitcoin Anticipates Catalyst

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Ethereum, a popular cryptocurrency, recently saw a 6% increase in value following positive news about a potential ETF. However, a slight dip on Monday has raised concerns about its short-term performance. With increased liquidity during the weekdays, there may be more selling pressure from bears rather than buying interest from bulls.

In the world of crypto news, Bernstein has raised its target price for Bitcoin to $200K by the end of 2025, citing anticipated demand from spot bitcoin-ETFs managed by major financial institutions. On the other hand, Peter Brandt, CEO of Factor, has warned of a potential sell-off by mining companies that could temporarily drive down BTC prices to $60K or even $48K.

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Moreover, SEC head Gary Gensler has hinted at the possibility of approving the Form S-1 for an Ethereum-ETF by the end of the summer. According to Gensler, the registration process is progressing smoothly for individual issuers, raising hopes for a positive outcome for investors.

Stay ahead of the game and get exclusive insights on the latest trends in the cryptocurrency market by following Extreme Investor Network. Our expert analysis and unique perspectives will give you the edge you need to make informed investment decisions. Trust us to keep you informed and up-to-date on all things related to the stock market, trading, and Wall Street.

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