*Daily News Update 27 June 2024* đ°News
*1. Altcoins That Survive in a Fluctuating Crypto Market* đ
- Altcoins are moving sideways after yesterday's rebound attempt.
- RAD, BETA and CVX still jumped double digits in the last 24 hours.
- Trader seeks to change his holdings of altcoins.
*2. Bitcoin Whales Collect $436 Million Worth of BTC* đ
- BTC decline offers opportunity for whale accumulation.
- Bitcoin whales increased their holdings by 7,130 BTC.
- Shows a balanced market with Price structure.
*4. US SEC Approves Ethereum ETF Launch on July 4* âïž
- SEC will soon approve ETH ETF trading.
- Negotiations between asset management companies & regulators enter final stage.
- Issue permits may not take more than one or two weeks.
*4. Ethereum ETF Will Earn $15 Billion In 18 Months* đž
- ETH ETF will generate $4 billion in inflows in first 5 months.
- Compare the BTC ETF ($14.4B) since its launch five months ago.
- ETH prices have the potential to soar when ETFs start to open.
*5. US Government Moves 3,940 BTC to Crypto Exchanges* đșđž
- US government moves $240 million worth of BTC to Coinbase Prime wallet.
- Bitcoins that were initially confiscated from Silk Road vendors.
- Trigger concerns BTC may be sold off.
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