The post Ethereum Surges on Blackrock’s Filing, Bitcoin Steady Above $36k: QCP appeared first on Coinpedia Fintech News
Bitcoin remains above the crucial $36,000 mark as Ethereum surges overnight to reach over $2,100, driven by Blackrock’s 19b-4 filing for an Ethereum Trust. This development is leading to an anticipated surge in ETH performance akin to the first BTC ETF. Participants are eagerly awaiting the approval of a BTC ETF and fear missing out, despite its potential delay until January 2024. Macro developments such as weaker US job data and a pause in rate hikes are also supporting crypto assets, although caution is warranted as BTC is producing a triple bear divergence with the RSI.
#CryptoLiveNews #Cryptonews [Source: Coinpedia]