Iโm going to give $10,000, a full paid trip to Dubai and free tickets to my event on the 28th to someone who reposts this post in the next 72 hours (must be following me so I can dm you if you win!)
Bybit liquidity provision highlight: @chainlink
This week, we did 20.76% of the total maker volume for the $LINK / $USDT pair on @Bybit_Official.
More to come๐
Last week was significant for the crypto market with the launch of the spot Ethereum ETFs, causing considerable movement.
As mentioned below, Week 31 was focused on Ethereum due to the launch of ten spot ETH ETFs in the US, months after their approval. The asset experienced some volatility on the first day, dropping from over $3,500 to $3,400 and eventually closing at $3,450. However, the next day saw the first net outflows from Grayscaleโs fund, resulting in a price decrease to $3,150, around a 10% drop.
On Thursday, the price of ETH further plunged due to substantial outflows, ranging from $3,150 to $3,050. Meanwhile, BTC also experienced volatility. Its price dropped to $63,000 but spiked above $68,400 after US President Joe Biden exited the election, primarily sitting above $67,000.