“$66K seems like equilibrium,” said well-followed analyst Skew in an X post, who along with others is trying to decode a market that won’t go sustainably higher despite a lot of recent bullish news: improving inflation data, a Bitcoin-friendly presidential frontrunner in Donald Trump, spot ETH ETF approvals, and other risk asset markets (namely U.S. stocks) ripping to new all-time highs.
Source: https://www.coindesk.com/markets/2024/06/13/assured-spot-ether-etf-approval-fails-to-stir-slumping-crypto-market/?utm_medium=referral&utm_source=rss&utm_campaign=headlines