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Cumulative trading volume for spot Bitcoin ETFs surpassed $100 billion after launching less than two months ago.Volumes have surged in the last two week’s including this Monday when the combined buying and selling activity for spot bitcoin ETFs nearly hit $10 billion.
The price of ether has hit $4,000 for the first time since December 2021.The milestone comes amid ongoing speculation over the prospect of a spot ether ETF in the U.S. this year — but opinions on approval vary.
Bitcoin tapped its former all-time high earlier in the week only to correct immediately after and soar again. Meanwhile, meme coins like Shiba Inu are having the time of their life.
CryptoQuant expects the market to heat up with a rapid rise in active addresses, but their analysis suggests this hasn’t happened yet.
The weekly SAND/USD chart showed the 0.786 Fib level could trigger a 65.5% price increase. Buying momentum has become weak but the Aroon indicator aligned with a bullish bias. A highly bullish scenario could trigger SAND’s price in the $3 direction.
