Bitcoin trades above $68k, Ether consolidates near $3.7k following surprise ETH ETF approval

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The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.

Bitcoin and Ether prices were in consolidation mode in early trading on Friday after the surprise spot ETH ETF approval by the SEC reignited bull market sentiment in the ecosystem.A survey conducted by the Fed in October found that only 7% of Americans reported buying or holding crypto in 2023, and only 1% used it to make a purchase or payment.

- After hitting record highs above $2,450, the gold market is again struggling as hawkish sentiment from the Federal Reserve spooks markets; however, according to one market analyst, gold’s rally is far from over.In his latest gold commentary, John Ing, President and Chief Executive Officer of Maison Placements Canada Inc., reaffirmed his price target, expecting the precious metal to rise to $3,000 an ounce within the next 18 months.U.S.

Bitcoin dipped below $68,000 in early trading on Thursday as the possibility of an interest rate hike spooked investors, while spot Ether ETF hopes have captured the attention of crypto fans.U.S. House approves bill providing regulatory clarity for crypto, fate in Senate uncertain

 

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