Another week has passed in the cryptocurrency environment, and incredible changes have been seen in the larger market. As the price of Bitcoin appeared to be nearing the conclusion of its bull run, the story of Ethereum ETFs continued to unfold. The market has become more exciting as Shiba Inu, a meme coin that has captured the attention of many, has undertaken fascinating cryptographic improvements. The first-ever HBAR ETP and the rise in popularity of new tokens were the subjects of other international news.
A selection of this week’s most important headlines can be found here.
Does the Bitcoin Bull Season End?
Notably, with the price of Bitcoin falling as low as $63 during the last seven days, worries over the conclusion of the bull market in the cryptocurrency increased significantly this week. A plethora of reasons contributed to this downward trend, including the vast withdrawals from Bitcoin ETFs, macroeconomic conditions, and the capitulation of Bitcoin miners, to name just a few.
During this bearish shift, prominent cryptocurrency analysts also took the stage to highlight bearish BTC market characteristics and suggest the end of the BTC bull market. On the other hand, over the last week, Bitcoin holdings increased significantly, resulting in divergent market emotions.
In the meantime, Standard Chartered became the first bank to start trading Ethereum and Bitcoin on the spot.
This Week’s Ethereum ETF Filings
Concurrently, noteworthy advancements have been in the current hot issue of ETH ETF. Eight cryptocurrency companies—Bitwise, Fidelity, 21Shares, Grayscale, Franklin, VanEck, iShares, and Invesco—spotted Ethereum ETF S-1 Amendments this week. Fidelity appears to have submitted an amended form among them after neglecting to include a sponsor fee.
The entire cryptocurrency market is still hopeful that trading of ETH ETFs will begin on July 2. The ETH token is determined to take advantage of this chance, and price increases could soon follow.
Shiba Inu (SHIB) Transforms the Crypto Travel Experience
Finally, this week witnessed several encouraging developments for Shiba Inu, the meme coin with a dog theme. According to reports, SHIB was included in the Visa card funding choices offered by Crypto.com, increasing the token’s payment alternatives.
Shytoshi Kusama, the chief creator of Shiba Inu, revealed plans to release a Web3 version of the card game Shiba Eternity in the interim. Using SHIB, LEASH, and BONE, SHIB ecosystem tokens, this mover seeks to provide special possibilities.
The Shiba Arab Army also unveiled a fresh plan to burn SHIB tokens on Binance and Coinbase. In the meantime, massive sums of SHIB were being destroyed via the Shiba Inu token-burn process.
Shiba Inu whales are fascinating, and they attracted even more attention this week as they made billions of coins during a wild trading period that the meme coin witnessed.
This week’s trending topics also include the introduction of the LayerZero (ZRO) token, the ASI token merger, and the first Hedera ETP in history.
