Bitcoin Falls Below $68K as Ethereum Spot ETF Decision Nears
Cryptocurrency markets are slightly down as investors await US regulator's decision on spot Ethereum ETFs
One observer noted that the cryptocurrency's decline may have been triggered by a large ETH sell order from trading firm Symbolic Capital Partner. Blockchain data shows the company sold 6,968 ETH worth $27.4 million within a minute
Even though the sell-off started earlier, a new report on the PMI manufacturing index shows the US economy is growing strongly, with output growing at its fastest in the past two years. That fueled a rally in the dollar as traders reduced expectations for interest rate cuts, which may have exacerbated the decline in risk assets.
