Bitcoin continued to trade above $58,700 on Thursday, despite selling pressure from the German government and Mt.Gox transfers. Ethereum saw a surge to $3,149 as traders anticipated ETF approval. Ripple also rallied to $0.45, erasing losses from the past week as CEO Brad Garlinghouse questioned Democrats’ stance on crypto.
Bitcoin dominance climbed above 54% on July 11, with BTC making a comeback above $58,700. Ethereum traded at $3,149 on Thursday, with traders eagerly awaiting SEC approval on an ETF product. Ripple made a comeback above $0.45 as traders awaited the final ruling in the SEC vs. Ripple lawsuit.
The chart of the day showed ONDO trading around $1.000, expected to rally 8% to $1.093. Market updates included insights into Ripple’s revenue sources and the German government transferring more BTC. Capriole Fund’s crypto speculation index dipped under 10%, indicating potential for a Bitcoin upswing.
In industry updates, Vitalik Buterin discussed strengthening the Ethereum ecosystem at the Ethereum Community Conference. Golem, an ICO project, reportedly stopped offloading Ether and staked 40,000 ETH. Compound Labs reported a website compromise, warning users not to interact with the platform.