The Ethereum (ETH) price increased yesterday and nearly broke out above its 2023 highs today.
In contrast, the Bitcoin (BTC) price decreased since yesterday and fell below $45,000 today.
Ethereum Pumps on Bitcoin ETF News
Yesterday, the SEC tweeted that the Bitcoin ETF has been approved. However, shortly afterward, SEC chair Gary Gensler declared that the social media account was compromised and a decision on the Bitcoin ETF had not been made yet.
The price movement for BTC and ETH (green) has diverged since the announcement. While the ETH price has increased by 5%, BTC has fallen by 4%.
On-chain data shows that over the past 24 hours, a whale borrowed $11 million worth of BTC from the AAVE lending protocol and swap
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Author: Valdrin Tahiri
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