Bitcoin Slumbers as ETF Hopes Simmer; PEPE Leads Altcoin Gains
Meme coin and low-caps remain favorite plays among traders as bitcoin investors look to a swift ETF judgment.
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Meme coin and low-caps remain favorite plays among traders as bitcoin investors look to a swift ETF judgment.
“Elon clearly has an affinity for DOGE, almost as part of a running joke, but I wouldn’t be surprised if he actually went through with enabling payments via DOGE.”
Next week’s U.S. central bank interest rate decision and the bitcoin options expiry are unlikely to move markets, which have been stuck for weeks.
Some selling pressure may have arisen from a revised U.S. bill that excludes a host of traditional securities from the “digital asset” category, which some say bodes ill for DeFi.
Toronto-based digital asset manager 3iQ will start offering ether (ETH) staking in its Ether Fund and Ether ETF, making it the first ETF issuer in North America to allow for this investment strategy, the company announced Wednesday. The feature will be available on or about Aug. 28.
Open interest has surged to $11 billion to its highest level in over a year.