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Bitcoin (BTC) Price Rallied to $69K This Week, While Ethereum (ETH) ETFs Made Their Trading Debut

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2024-07-28 18:50:221118browse

The crypto realm concluded yet another week with attention-nabbing developments unfolding across the broader market. Notably, Bitcoin garnered quite the

Bitcoin (BTC) Price Rallied to K This Week, While Ethereum (ETH) ETFs Made Their Trading Debut

Key crypto highlights from the past week include Bitcoin (BTC) price surging to a $69K high, the debut of Ethereum ETFs, and the Indian exchange WazirX hack.

Here are the top headlines that unfolded in the past seven days.

Bitcoin (BTC) price rallied to highs of $69,000 this week, sparking a wave of interest among investors. However, the BTC price also saw lows of around $63,000, fueling market speculations.

This turbulent price action occurred as Mt. Gox continued its BTC transfers, while outflows in Bitcoin ETFs were also observed this week.

Meanwhile, the Bitcoin Nashville conference kicked off, bringing several key developments to the market. At the conference, U.S. Senator Cynthia Lummis hinted at a potential Bitcoin Bill, which sparked discussions nationwide.

Additionally, Senator Bill Hagerty revealed plans to introduce legislation that would be pro-Bitcoin, adding to the buzz at the conference.

Furthermore, the U.S. presidential campaigns brought the flagship cryptocurrency into the spotlight. Recent polls showed a strong preference for the Republican Party member, who is known for his pro-digital assets stance, over Kamala Harris.

It is also worth noting that Kamala Harris did not attend the BTC Nashville conference. Moreover, according to Polymarket data, Harris' chances of winning the Democratic Party nomination increased to an impressive 97%.

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