The post Bitcoin ETF Trading Volume Surges By 50% While Ethereum And Rollblock Rally appeared on BitcoinEthereumNews.com.

Bitcoin’s ETFs have recorded a massive 50% surge in their trading volumes over the last 24 hours while Ethereum has crossed the critical $4,000 milestone because of high investor confidence. Meanwhile, Rollblock is also gaining traction as analysts anticipate this new GambleFi project to record 880% gains before the end of its viral presale.  Bitcoin (BTC) ETFs Record Massive Surge in Trading Volume Bitcoin’s price has rallied by a significant 33.45% over the last 30 days during Q4’s bull market. Although Bitcoin briefly crossed its critical resistance of $100K on December 5, Bitcoin’s price quickly retracted because of some selling activity. Despite the minor price crash, Bitcoin’s ETFs are still experiencing skyrocketing demand as its ETFs recorded inflows worth $766.66 million this week.  Bitcoin is currently trading for $99,536.96 after an intraday decrease of 1.99%. Bitcoin’s volume has also decreased by 15.05% which suggests lower network activity than yesterday. Since Bitcoin’s RSI has already recovered, analysts are expecting Bitcoin’s MACD indicator to turn positive as well. If that happens, Bitcoin could set a price target of $108,561 before the end of Q4.  Ethereum (ETH) Price Reaches $4000 Target  Ethereum ETFs have recorded a massive $426 million in inflows over the last few days. Since this marked a massive 4,368% increase compared to last month, analysts expected Ethereum’s price to surge to new highs. With this optimistic market sentiment, Ethereum’s price has crossed the $4,000 milestone on 6th December.  Ethereum is currently trading for $4,001.81 after an intraday increase worth 2.48%. Although Ethereum’s volume has decreased by 6.51%, this can be attributed to the high gas fees on Ethereum’s network. Since Ethereum’s RSI hasn’t reached overbought levels yet, analysts expect Ethereum’s rally to continue toward the $4,179.51 short-term target.  Rollblock (RBLK) Poised for Bigger Gains in New Presale Round Rollblock has…

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Filed under: News - @ December 8, 2024 11:20 am