Coin Bureau Weekly News: BTC Volatility, Spot Bitcoin ETF Approval, ETH ETF Predictions, and More

TLDRLast week, the crypto market experienced high volatility due to liquidations. BTC leverage reached an all-time high ahead of the spot Bitcoin ETF approval, which could push BTC price to new highs. Analysts predict a spot ethereum ETF approval next. Black Rock commits to donating profits from its Bitcoin ETF to Bitcoin development, raising concerns about institutional capture. Rising US bond yields put pressure on small cap stocks and altcoins. The upcoming CPI print could affect the markets. Eth's price may be suppressed in the short term due to eth being sold by Celsius. Tracked institutions aim to control crypto development, posing risks to decentralization.

Key insights

🌩️BTC volatility caused by liquidations and anticipation of spot Bitcoin ETF approval.

💼Analysts predict spot ethereum ETF approval to follow BTC.

🤝Black Rock commits profits from its Bitcoin ETF to Bitcoin development, raising concerns about institutional capture.

📉Rising US bond yields put pressure on small cap stocks and altcoins.

💰Eth's price may be suppressed in the short term due to eth being sold by Celsius.

Q&A

What is the potential impact of the spot Bitcoin ETF approval?

The spot Bitcoin ETF approval could push BTC price to new highs and fuel a rally in altcoins.

What are analysts predicting for the approval of a spot ethereum ETF?

Analysts predict that a spot ethereum ETF will be approved following the approval of the spot Bitcoin ETF.

What concerns are raised by Black Rock's commitment to donating profits from its Bitcoin ETF to Bitcoin development?

Black Rock's commitment raises concerns about institutional capture and potential control over crypto development.

What is the impact of rising US bond yields on small cap stocks and altcoins?

Rising US bond yields put pressure on small cap stocks and altcoins, causing them to underperform.

Why may eth's price be suppressed in the short term?

Eth's price may be suppressed in the short term due to eth being sold by Celsius.

Timestamped Summary

00:00Last week, the crypto market experienced high volatility due to liquidations.

02:19The spot Bitcoin ETF approval could push BTC price to new highs and fuel a rally in altcoins.

02:49Analysts predict that a spot ethereum ETF will be approved following the approval of the spot Bitcoin ETF.

11:59Black Rock's commitment raises concerns about institutional capture and potential control over crypto development.

13:27Rising US bond yields put pressure on small cap stocks and altcoins, causing them to underperform.

14:45Eth's price may be suppressed in the short term due to eth being sold by Celsius.