The introduction of the BTC spot ETF has injected a new dynamism into the crypto arena as they are astonishingly raking in over $4.5 billion in trading volume on their very first day. Amidst this surge of excitement, Bitcoin itself soared to an impressive $49,000, only to be swiftly blindsided by a decline to below $46,000. This unexpected turn, driven by startlingly high Consumer Price Index (CPI) data, has sent ripples of uncertainty across the market.
With Bitcoin stepping aside, it’s prime time for altcoins to step into the limelight and seize their moment. Ethereum (ETH), for example, hits a 20-month high at above $2,600 as whispers of an ETH ETF are growing louder. However, this wave of enthusiasm doesn’t seem to lift all boats. Polkadot (DOT) and Chainlink (LINK) have unexpectedly faltered, despite the growing buzz about an impending altseason. So, we’re left scratching our heads: are DOT and LINK just tripping up a bit, or might we be giving too much credit to the sway of spo
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