Bitcoin fell to $65,793.5 due to political uncertainty, while Ether ETF launch had limited impact.

From Investing.com

July 24, 2024 2:16:36 AM:

Bitcoin price fell due to weak risk appetite and political uncertainty, dropping 1.7% to $65,793.5. U.S. President Joe Biden’s decision not to run for reelection and endorsing VP Kamala Harris raised uncertainty. Harris gaining support and expected nomination caused concern, especially with Trump polling ahead of both Harris and Biden.

Spot Ether ETFs launched with over $1 billion in trading volume, but with limited price impact. Ether price remained flat at $3,440.97 as ETFs attracted less interest compared to Bitcoin ETFs. Uncertainty persists about institutional demand for new Ether ETFs and dwindling trading volumes in Bitcoin ETFs.

Altcoins like Ethereum and Ripple remained stable, with little movement in a subdued market. Dogecoin dropped 2.6% while meme tokens like Shiba Inu and SafeMoon also saw small declines. Overall, sentiment for riskier assets in crypto markets stayed weak, leading to minimal fluctuations.

Read more at Investing.com: down to $65k, spot Ether ETF sparks little price action By Investing.com