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ETH rose to $2,686, following Bitcoin, which rose above $50,000 for the first time since 2022.
Ethereum developers launched the Dencun update on the Holesky testnet around 6:35 a.m. Eastern Time (EST; 2:35 p.m. the previous day GMT). The move is the latest ahead of the upcoming mainnet launch, which is scheduled for March.
The American payment giant Visa has added the ability to directly withdraw funds from cryptocurrency wallets to its cards. In this case, there will be an automatic conversion of crypto assets into national currencies.
According to the annual report of the CoinGecko platform, cryptocurrency trading volume reached $36.6 trillion in 2023, significantly increasing after the collapse of the FTX crypto exchange in November 2022.
The number of shops, cafes, bars, and other points of sale of goods and services accepting payments in bitcoins increased by 174% over the year. This is evidenced by data from the analytical portal BTC Map.
Yesterday, several spot exchange-traded funds for Bitcoin were launched. On the first day, the total volume of shares traded in these ETFs amounted to $4.5 billion, while the stock price fell noticeably.
Bloomberg reports that in the next few days the SEC will hold the final round of approving applications for the launch of Bitcoin ETFs, which will allow crypto market participants to begin trading the asset.
Bloomberg ETF analyst Eric Balchunas believes that, although small, there is still a chance that the US Securities and Exchange Commission (SEC) will refuse to launch spot Bitcoin ETFs.
Despite an impressive fourth quarter, Ethereum’s price attempted and failed to rally beyond the resistance level of around $2,340 in December, but the bulls are in good shape to push high in the near term.