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Ethereum Lags Behind Bitcoin Due to Spot ETF Disappointment, MoonTaurus Rapidly Gains Holders After Whale Involvement
The post Ethereum Lags Behind Bitcoin Due to Spot ETF Disappointment, MoonTaurus Rapidly Gains Holders After Whale Involvement appeared on BitcoinEthereumNews.com. The cryptocurrency market has recently experienced shifting tides as Ethereum’s spot ETFs falter, creating space for emerging tokens to capture investor interest. Ethereum ETFs saw outflows totaling $113.3 million just a day after launch, marking a worrying setback. In contrast, Bitcoin prices have steadily risen. The largest cryptocurrency by market cap is now approaching a pivotal resistance at $72,000. While Bitcoin soars, MoonTaurus (MNTR) has attracted attention in presale, with giant whales snapping up tokens at record rates. Ethereum ETFs Falter, Price Declines Less enthusiasm than expected has greeted Ethereum’s recent entry into the spot ETF market. These ETFs had significant withdrawals on day two, totaling $113.3 million. Grayscale’s Ethereum Trust’s problems have exacerbated the slump. Since it converted to an Ether fund, it has been subject to intense selling pressure. Due to these events, Ethereum’s price has fallen, currently trading below $3,300, a 4% decrease in less than a day and its lowest level compared to Bitcoin in two months. Even though some ETFs, such as the Bitwise Ethereum ETF and the Fidelity Ethereum Fund, have seen minor inflows, these gains have been outweighed by larger outflows. Analysts suggest that the initial success of these products was not strong enough to sustain their momentum. Thus, this aspect has led to continued selling pressure and price drops. MoonTaurus (MNTR) Welcomes Whales While Ethereum grapples with its ETF challenges, MoonTaurus (MNTR) is swiftly emerging as a meme coin to watch closely in the 2024-25 bull run. Launched recently, MoonTaurus has shown impressive early performance. Within hours of its presale launch, the project raised $100,000, highlighting strong investor interest. The MNTR presale is structured in stages, starting at $0.005 per token and set to rise to $0.07 by the end of the presale. This pricing aims to attract early investors, promising substantial…
The post Ethereum Lags Behind Bitcoin Due to Spot ETF Disappointment, MoonTaurus Rapidly Gains Holders After Whale Involvement appeared on BitcoinEthereumNews.com.
The cryptocurrency market has recently experienced shifting tides as Ethereum’s spot ETFs falter, creating space for emerging tokens to capture investor interest. Ethereum ETFs saw outflows totaling $113.3 million just a day after launch, marking a worrying setback. In contrast, Bitcoin prices have steadily risen. The largest cryptocurrency by market cap is now approaching a pivotal resistance at $72,000. While Bitcoin soars, MoonTaurus (MNTR) has attracted attention in presale, with giant whales snapping up tokens at record rates. Ethereum ETFs Falter, Price Declines Less enthusiasm than expected has greeted Ethereum’s recent entry into the spot ETF market. These ETFs had significant withdrawals on day two, totaling $113.3 million. Grayscale’s Ethereum Trust’s problems have exacerbated the slump. Since it converted to an Ether fund, it has been subject to intense selling pressure. Due to these events, Ethereum’s price has fallen, currently trading below $3,300, a 4% decrease in less than a day and its lowest level compared to Bitcoin in two months. Even though some ETFs, such as the Bitwise Ethereum ETF and the Fidelity Ethereum Fund, have seen minor inflows, these gains have been outweighed by larger outflows. Analysts suggest that the initial success of these products was not strong enough to sustain their momentum. Thus, this aspect has led to continued selling pressure and price drops. MoonTaurus (MNTR) Welcomes Whales While Ethereum grapples with its ETF challenges, MoonTaurus (MNTR) is swiftly emerging as a meme coin to watch closely in the 2024-25 bull run. Launched recently, MoonTaurus has shown impressive early performance. Within hours of its presale launch, the project raised $100,000, highlighting strong investor interest. The MNTR presale is structured in stages, starting at $0.005 per token and set to rise to $0.07 by the end of the presale. This pricing aims to attract early investors, promising substantial…
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