Weekly Crypto Roundup: Bitcoin Miners Reach Record Market Cap, Ethereum ETF on the Horizon
The past week has been an eventful one in the world of cryptocurrency, with Bitcoin miners reaching a record market cap and Ethereum ETFs on the horizon. Here’s a roundup of the top stories from the past week.
Bitcoin Miners Reach Record Market Cap
According to a report by JPMorgan, the total market cap of U.S.-listed Bitcoin miners has reached a record high of $22.8 billion. This is a significant increase from the previous month, with miners outperforming Bitcoin in the first two weeks of June. The bank noted that almost all the companies outperformed Bitcoin in the first two weeks of June, with Core Scientific (CORZ) being the best performer, adding 117%, and Argo Blockchain (ARBK) being the worst, dropping 7%.
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Bitcoin mining
Ethereum ETF on the Horizon
The SEC chairman, Gary Gensler, has hinted that Ethereum ETFs could receive final regulatory approval by the end of summer. This is a significant development, as it could lead to increased adoption and investment in Ethereum.
Deutsche Telekom to Start Mining Bitcoin
Deutsche Telekom, Europe’s largest telecommunications provider, has announced that it will start mining Bitcoin. This is a significant development, as it marks a major corporation’s entry into the world of cryptocurrency mining.
Solana Partners with Shopify
Solana has partnered with Shopify to allow merchants to accept over 100 cryptocurrencies as payment. This is a significant development, as it could lead to increased adoption of cryptocurrency in e-commerce.
Solana
Should You Buy Bitcoin While It’s Less Than $70,000?
With Bitcoin’s price currently below $70,000, many investors are wondering if now is a good time to buy. While there are risks involved, some analysts believe that Bitcoin’s unique properties make it a good investment opportunity.
Bitcoin
That’s all for this week’s roundup. Stay tuned for more news and updates from the world of cryptocurrency.
