Bitcoin (BTC) soared above $67,000 early Friday, reversing Thursday's drop below $65,000. This increase coincides with a resurgence in inflows to spot Bitcoin ETFs, marking the fourth consecutive day of positive gains. This week was also notable for the disclosure of large BTC ETF holdings by major institutional investors. For example, Morgan Stanley revealed that: Grayscale’s massive $269.9 million investment in GBTC yesterday.
Possibility of an unexpected rise in Ether
While Ethereum (ETH) is underperforming, It shows significant upside potential compared to other major digital assets this year. The second-largest cryptocurrency has had mixed performance recently, but could be on the verge of a significant price jump, according to several prominent analysts. Although it has lagged behind Bitcoin’s rise this year, bullish forecasts suggest ETH could rise into the five-digit range. The significance of potential US spot ETH ETF approval could also have a significant impact on the market.
Fantom's FTM does well with Sonic upgrade
Fantom blockchain’s FTM has been one of the best-performing non-meme tokens over the past week, gaining 13% to around 81 cents over the past seven days. This boost was driven by Sonic's upgrades and protocol Total Value Locked (TVL) increases that were received favorably by the market. The Fantom Foundation is actively promoting their latest upgrade, Sonic. This will boost transaction speeds to 2,000 transactions per second with a finality of 1.1 seconds, a significant improvement from his 2.5+ TPS recorded on-chain last month. The data shows.
Source: www.the-blockchain.com
