BTC, ETH go parabolic, spot Ether ETF shock, $2B Genesis settlement

Rise’n’Crypto

What a 24 hours it’s been! Out of nowhere, the market started pumping, and Bitcoin rocketed north of $70,000. Ethereum’s pump made those gains look tame, and a good portion of the reason is centered on the U.S. SEC’s looming decision on whether to approve spot Ether ETFs in the United States. In today’s episode, we discuss what has changed, how crazy the last day has been for BTC, the Grayscale CEO stepping down, and the New York Attorney General’s $2 billion settlement with Genesis.
Further reading:

• Bitcoin liquidates $85M shorts as bull flag sparks $100K BTC price target
• Bitcoin price hits $70K as spot and BTC ETF buying surges
• SEC rumored to be reconsidering spot Ether ETF denial, say analysts
• Grayscale CEO Michael Sonnenshein steps down
• New York AG reaches $2B settlement with Genesis ‘for defrauded victims’

So, grab yourself a coffee, and let’s get into it!

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