From Investing.com: 2024-06-07 14:30:28

Renowned investor Lark Davies predicts an imminent bullish run for Bitcoin as the crypto market rallies, with BTC surpassing $71,000. Factors like ETF adoption, with 56,150 BTC bought in 18 days, point to a potential bull run. Ethereum’s spot ETF launch and institutional accumulation could also drive market movements. BTC currently trades at $71,456, with a 0.27% increase and $30 billion in volume.

Mixed sentiments surround the approval of spot Ethereum ETFs. VanEck’s CEO hails the approval as historic, while JPMorgan predicts lower inflows than expected, with $3 billion forecasted for ETH products this year. However, this amount could double if staking is allowed. Different views exist on the impact of spot ETH ETF approval on market dynamics.

Read more at Investing.com: Lark Davis Excites Community With Big Bitcoin Rally Prediction By U.Today