Ethereum

Ethereum, Ripple and Bitcoin – The American Update on July 11

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Ethereum (ETH) gained 0.5% on Thursday after U.S. inflation reports eased. However, mixed on-chain sentiment signals uncertainty among investors despite the potential launch of ETH spot ETFs.

Ripple (XRP) CEO Brad Garlinghouse spoke at a crypto roundtable on Wednesday. The Ripple executive criticized Democrats for not taking note of Securities and Exchange Commission (SEC) Chairman Gary Gensler’s enforcement actions on crypto.

Bitcoin dominance surged above 54% on July 11, with BTC making a comeback above $58,700 on Thursday. The largest asset by market cap held steady and maintained its recent gains despite selling pressure from the German government’s BTC transfers and news of Mt. Gox repaying creditors. BTC has seen a steady volume of large transfers from whales, as seen in July 2024, according to data from Santiment. Bitcoin and Ethereum Are Digital Commodities, CFTC Chairman Says.

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