Positive news 📰

1. Launching an ETF on Ethereum

On Monday, the SEC acquired the final S-1 forms from potential issuers. This indicates progress in the approval of these financial instruments.

Matrixport believes that the price of $ETH will rise to $3400 at launch. The positive sentiment will spread to Bitcoin and help it recover.

2. Payments of Mt. Gox

The panic triggered by the payouts of Mt. Gox is gradually fading as their consequences are already priced in. The company started payouts in BTC and BCH (Bitcoin Cash) last week.

The Bitstamp exchange, which agreed to the action with Mt. Gox has allotted 60 days to distribute tokens, while some lenders have already received them. The Kraken exchange has set a deadline of 90 days.

3. Sale $BTC by the German government

Since June 19, the German government has moved more than 10,000 BTC worth nearly $1 billion. These actions have triggered a sell-off by retail investors.

Ultimately, the German government will reduce transactions from $BTC , which will benefit the leading crypto asset.

4. Speeches of the Chairman of the Fed on July 9 and 10

Inflation in the US is gradually decreasing, and the country's economy is showing strengthening, although it is still far from satisfactory indicators.