Many factors have been competing to dominate the crypto markets: the Ethereum ETF launch, the 2024 Altcoin Season, the Bitcoin price crash, Donald Trump, the US Fed, and crypto ETFs.
Key Insights:
Ethereum ETFs are set to launch on 23 July.
The debut of the Ethereum ETF could spark a new altcoin season in the crypto markets.
Bitcoin has managed to hold above $60k and may see further gains this week.
Donald Trump has increased his presidency odds after surviving an assassination attempt.
The US Federal Reserve is unlikely to raise interest rates before the US elections. Chairman Powell aims to reduce inflation below 2% before considering any rate cuts.
Inflows for Bitcoin ETFs were either zero or negative for most of June, but July has seen a resurgence in inflows.
