Bitcoin (BTC) surged to a one-month high, reaching $66,700 amid a global IT outage caused by a software update from CrowdStrike. This rally, which saw Bitcoin rise 4% in 24 hours, coincided with strong trading volumes for BlackRock’s spot bitcoin ETF. Solana also performed well, surging 8.5% to over $170. Currently, BTC is priced at $68.09k.<\/p>\n\n\n\n
Five-spot Ethereum exchange-traded funds (ETFs), including offerings from Fidelity, are set to launch tomorrow, according to notices from the Cboe Exchange. The ETFs will give investors direct exposure to Ethereum. The approval of these ETFs follows a growing interest in digital asset investments and regulatory advancements in the US market.<\/p>\n\n\n\n
XRP saw a significant price jump after Ripple CEO Brad Garlinghouse expressed optimism about a “very soon” resolution in the company’s legal battle with the US Securities and Exchange Commission (SEC). The news propelled XRP over 10%, reaching a high of $0.55.<\/p>\n\n\n\n
In the political sphere, President Joe Biden’s decision to withdraw from the 2024 presidential race led to a dramatic surge in the Kamala Harris meme coin (KAMA). The coin hit an all-time high of 2.4 cents, doubling its value and bringing its market cap to $24 million. In contrast, the Biden-themed coin (BODEN) plummeted nearly 50%.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin (BTC) surged to a one-month high, reaching $66,700 amid a global IT outage caused by a software update from CrowdStrike. This rally, which saw Bitcoin rise 4% in 24 hours, coincided with strong trading volumes for BlackRock’s spot bitcoin ETF. Solana also performed well, surging 8.5% to over $170. Currently, BTC is priced at […]<\/p>\n","protected":false},"author":93,"featured_media":40328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_ayudawp_aiss_exclude":false,"footnotes":""},"categories":[14714],"tags":[6467,6602,6536],"class_list":["post-41012","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-analysis","tag-crypto","tag-market-update","tag-news"],"acf":{"key_takeways":false,"youtube_vodeo_url":"","seo":{"title":"","keywords":"","description":"","canonical":""},"blog_banner_image":false,"blog_coin":false,"download_the_app":{"button_value":"","button_url":""},"twitter_card":{"twitter_title":"","twitter_description":"","twitter_link":""},"maturity_tag":"","post_author":false,"guest_author":false,"hide_toc":true,"select_disclaimer":"Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered investment\/financial advice from CoinSwitch. Any action taken upon the information shall be at the user\u2019s risk."},"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41012","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/users\/93"}],"replies":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/comments?post=41012"}],"version-history":[{"count":4,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41012\/revisions"}],"predecessor-version":[{"id":41018,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/posts\/41012\/revisions\/41018"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media\/40328"}],"wp:attachment":[{"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/media?parent=41012"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/categories?post=41012"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinswitch.co\/switch\/wp-json\/wp\/v2\/tags?post=41012"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}