Monday, July 1, 2024 – The cryptocurrency market starts the week on a high after a few days of calm. Most currencies remained stable. However, the highlight of the period was the consolidation of the Bitcoin price, which surpassed the US$63,000 mark.

At the time of publication, the price of BTC was quoted at US$63,400, up 5% in the last 24 hours. Bitcoin’s share of the global cryptocurrency market is 50.8%, while Ethereum accounts for around 17%.

Similarly, most major altcoins are trading with a bullish outlook. Solana is trading near $147.32 with a 6% gain.

ETH is trading near $3,500, up 4% and could move as we get closer to the potential approval of Ethereum ETFs by the SEC in the United States. Contrary to previous expectations, Ethereum ETFs will not be operational on July 4th, as speculated. Exactly when these funds will be able to begin operating is still uncertain, and will depend on when the SEC sets a deadline for delivering final filings.

In the altcoin landscape, most large-cap coins remained stable. However, Ethereum Name Service (ENS), LayerZero (ZRO), dogwifhat (WIF), BEAM and Ethena (ENA) registered an increase of more than 10% in the last 24 hours.

Pepe Coin (PEPE) is trading near $0.00001208, up almost 10%, while top memecoins SHIB and DOGE have performed modestly, up almost 5% in the last 24 hours.

The market, in general, remains neutral, but with sentiment that has improved significantly since the last survey, as indicated by the Crypto Fear and Greed index, which is at 53 points.


The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing in or trading cryptocurrencies carries a risk of financial loss.


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