As the world's top investment manager and financial market journalist, I bring you the latest update on Bitcoin and Ether prices. Bitcoin has seen a slight increase after recent losses, while Ether has surged amid speculation of a spot ETF launch. Bitcoin rose by 3.2% to $57,280.7, while Ether outpaced it with a 5.4% increase to $3,070.71.
Bitcoin's recent losses were caused by concerns over token distributions from Mt Gox, but the token seems to have stabilized for now. The trustees of Mt Gox began distributing stolen tokens from a 2014 hack, leading to fears of a token dump. However, recent data showing strong capital inflows into crypto investment products has improved sentiment.
Crypto assets saw inflows of $441 million in the week to July 8, with Bitcoin dominating the inflows. Other major altcoins also saw inflows, with Ether products receiving about $10 million. The broader crypto market has seen a rebound, with Ether remaining the best performer.
The Securities and Exchange Commission is expected to approve spot ETF listings later in July, leading to improved confidence in the token. Altcoin prices have risen on Tuesday, with Cardano and Solana seeing significant gains. Meme tokens like Dogecoin and Shiba Inu have also increased in value.
In conclusion, despite recent volatility in the crypto market, there are signs of recovery and renewed interest from investors. It's important to stay informed and consider all factors before making any investment decisions.