This Week In Crypto: Major Events Affecting Bitcoin And Ethereum Price
This week in crypto has been marked by significant events that have profoundly impacted Bitcoin (BTC) and Ethereum (ETH) prices. From the crypto market cap shrinking significantly to HSBC taking digital assets to China and the volume of Ethereum options hitting all-time highs ahead of the launch of spot Ethereum ETFs.
Amid these market trends, the ETFSwap (ETFS) presale emerges as a potential opportunity for investors seeking early positions for high profit.
Investors Capitalize On Cheap ETFSwap (ETFS) Presale Token For Profit
ETFSwap (ETFS) has made a remarkable entry into the market, generating massive buzz within a few weeks of its presale launch. With over $3 million raised and 10,000 users already on board, the platform is poised for a successful launch. The traction ETFSwap (ETFS) has gained is not surprising, given the exponential growth of ETFs in the crypto landscape since the introduction of spot Bitcoin ETFs.
ETFSwap (ETFS) is a new real-world assets platform where users can trade tokenized ETF assets. More than just crypto ETFs, the new Ethereum-based platform will offer global accessibility on ETF assets from industries like energy, healthcare, commodities, technology, and many more.
Tokenized ETFs on the new platform will be backed by real securities purchased from the securities market. Also, ETFSwap (ETFS) will partner with MiCa-compliant institutions that trade the crypto and traditional market to ensure the cross-compatibility of cryptocurrencies and ETFs.
Because ETFs are traditionally from centralized markets, investors have historically faced challenges such as limited trading hours, limited convertibility, centralized control, and KYC restrictions. The new ETFSwap (ETFS) is set to democratize access to ETFs by offering 24/7 trading, increased convertibility, decentralized control, and streamlined KYC processes. This expansion of access to ETFs can significantly expand investment opportunities for investors interested in participating in various finance markets.
Furthermore, ETFSwap (ETFS) will offer market-making and perpetual trading services, allowing users to trade with up to 50x leverage on ETF assets. The new platform emerges as a first-mover for its services. Without any comparable platform with a broader offering of ETF accessibility, on-chain features, and variable investment conversions, the platform is set for massive heights.
Key Events In The Crypto Market Affecting Bitcoin (BTC) And Ethereum (ETH) This Week
On Tuesday, June 11, the crypto market saw massive volatility as market capitalization shrunk by $158 billion ahead of the US Fed rate decision set for June 12. The US Fed rate decision is a key event that can significantly impact the global financial markets, including cryptocurrencies like Bitcoin (BTC). Despite the positive start to the week for Bitcoin (BTC), bears seized control and drove BTC prices down to $66,000 from $71,400, resulting in massive liquidations.
This was followed by a downtrend on altcoins, including Ethereum (ETH), Binance Coin (BNB), and Solana (SOL), all of which emerged with significant losses on the daily chart. With all eyes now on the US Fed monetary policy, traders continue to watch Bitcoin (BTC) for sudden price movements.
Also, the Chicago Mercantile Exchange (CME) reports a 7.42% decline in its crypto derivatives trading volume to $115 billion in May, marking a second month of consecutive dips. This decline in trading volume can be seen as a reflection of the current market sentiment and investor behavior.
While Bitcoin (BTC) futures trading shows a 14% drop to $86.8 billion, Ethereum (ETH) futures trading surged by 37.5% to $20.5 billion, the highest since November 2021, when the previous bull market peaked. This divergence in trading volume between Bitcoin and Ethereum futures can indicate a shift in investor preferences and market dynamics.
Conclusion On ETFSwap Presale
Despite the volatility of Bitcoin (BTC) and Ethereum (ETH), the ETFSwap (ETFS) presale remains unaffected and continues to rally more funds. This resilience can be attributed to the recent market trends, including the growing interest in crypto ETFs, which have bolstered the bull case for ETFSwap (ETFS).
Experts predict up to 50,000% returns on the promising token, and the presale is a limited opening for investors to get in for cheap. The ETFSwap (ETFS) is offering each token for $0.01831, so seize this opportunity to get in cheap now before the price increases to $0.03846 on the next presale stage.
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