Bitcoin’s decline persists amid ongoing transfers to Mt. Gox creditors, impacting market sentiment. The slump in BTC isn’t an isolated event; US-based tech stocks also experienced significant drops yesterday.
Another factor contributing to the crypto downturn is the recent launch of the Ethereum ETF. The outflows from Grayscale have intensified pressure on ETH, causing it to break below the crucial $3,300 support level. If the Ethereum ETF mirrors the trading patterns of Bitcoin ETFs, ETH could potentially dip below $3,000 before rebounding towards the $5,000 mark.
In another interesting development, Ferrari announced that it will soon start accepting Bitcoin and Ethereum as payment. This move is aimed at helping dealers better address the evolving needs of their clients, highlighting a growing trend of major companies integrating crypto into their payment systems.
