{"id":307624,"date":"2024-05-23T00:52:28","date_gmt":"2024-05-22T19:22:28","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=307624"},"modified":"2024-05-23T00:52:28","modified_gmt":"2024-05-22T19:22:28","slug":"crypto-markets-consolidate-ahead-of-fed-minutes-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/crypto-markets-consolidate-ahead-of-fed-minutes-crypto-news\/","title":{"rendered":"Crypto Markets Consolidate Ahead of Fed Minutes – Crypto News"},"content":{"rendered":"

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Ether is holding above $3,700 amid a surge of applications for Ethereum ETFs under Form 19b-4.<\/p>\n

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Crypto markets are relatively calm on Wednesday as investors digest the minutes from the Federal Reserve’s last policy meeting.<\/p>\n

Ether (ETH) is trading at $3,720 after soaring more than 20% on Tuesday. Bitcoin (BTC) is down 0.3% at $69,477. Solana (SOL) climbed 1% to $179.<\/p>\n

ETH Price<\/figcaption><\/figure>\n

Ethereum\u2019s bullish price action comes amid a flurry of applications<\/a> for Ethereum ETFs under Form 19b-4. On Monday, the U.S. Securities and Exchange Commission (SEC) reportedly directed major exchanges, including Nasdaq and the CBOE, to refine their applications for listing spot Ether ETFs.<\/p>\n

This move indicates that the agency may be preparing to approve these applications. This week, the SEC will review the applications for Ether ETFs from VanEck and ARK Investments\/21Shares.<\/p>\n

Michael Van de Poppe, CEO of MN Trading, believes important days are coming up for the Ethereum ETF. \u201cAt least 5 issuers have submitted their amended 19b-4 documents and are removing the staking part. The chances are that an approval is going to happen for Ethereum in the coming weeks\/months. Incredibly positive for the industry,\u201d he tweeted<\/a>.<\/p>\n

Data from CoinGlass <\/a>shows that in the past 24 hours, 63,546 traders were liquidated for a total of $173 million.<\/p>\n

Meanwhile, Bitcoin ETFs continue<\/a> to attract capital. On May 20, total inflows were $237 million, with Ark\u2019s ETF ARKB reporting the highest inflows with $68.3 million.<\/p>\n

Inflows accelerated on May 21 to $306 million. iShares Bitcoin Trust (IBIT) had the largest inflows with $290.0 million.<\/p>\n

U.S. stocks dipped on Wednesday. The S&P 500 lost 0.6%, the Dow Jones Industrial Average slipped by 0.7%, and the Nasdaq Composite dropped 0.4%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Ether is holding above $3,700 amid a surge of applications for Ethereum ETFs under Form 19b-4. Crypto markets are relatively calm on Wednesday as investors digest the minutes from the Federal Reserve’s last policy meeting. Ether (ETH) is trading at $3,720 after soaring more than 20% on Tuesday. Bitcoin (BTC) is down 0.3% at $69,477. […]<\/p>\n","protected":false},"author":2,"featured_media":307626,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-307624","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/307624","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=307624"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/307624\/revisions"}],"predecessor-version":[{"id":307629,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/307624\/revisions\/307629"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/307626"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=307624"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=307624"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=307624"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}