Crypto Price Today: Bitcoin gains 1.5% on ETF buying, Solana jumps 7% after VanEck files for ETF
Bitcoin (BTC) traded in the green on Friday around 12 pm taking a 1.5% lead as buying interest returned on this crypto asset. It was hovering near the $61,500 mark. BTC also managed to breach the $62,000 level in the last 24 hours.
Other major crypto coins were also trading with a positive bias including Ethereum (ETH), BNB, Solana, XRP, Toncoin, Dogecoin, Cardano, Avalanche and Shiba Inu which were up by 9% around this time.
Among the altcoins that were trading in the red were Tether and Tron which were down by over 1%.
Commenting on the action, Edul Patel, CEO of Mudrex said that BTC breaching the $62,000 mark was on the back of investors flocking back to spot Bitcoin ETFs and an increase in the USA's real GDP. He sees the next hurdle for BTC at $62,700, with support around $61,400.
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View Details»“Bulls are actively buying at these support levels,” he added.
Source: CoinMarketCap
Patel – Meanwhile, Ethereum saw a 3% rise, anticipating the spot Ether ETF approval by July 4th. Solana also jumped 9% following VanEck's filing for a Solana ETF.
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