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CRYPTO 101

Crypto Rundown: The Ethereum ETF Is Coming

CRYPTO 101

Bryce Paul & Brendan Viehman

Business, Investing

4.6821 Ratings

🗓️ 23 May 2024

⏱️ 55 minutes

🧾️ Download transcript

Summary

In this episode of the Crypto Rundown, Brendan Viehman and Tevo delve into the thrilling developments around the potential approval of Ethereum ETFs, sparking significant market movements. They discuss the shift from a 25% to a 75% likelihood of ETF approval, which has led to substantial price surges for Ethereum and related cryptocurrencies. The conversation explores the broader implications of ETF approval on market dynamics, including its potential to trigger an altcoin season. They also analyze the technical charts, highlighting Ethereum's breakout and its impact on Bitcoin dominance and the ETH/BTC ratio. Additionally, the episode touches on the political landscape affecting crypto regulations as both Trump and Biden start to lean positive on the crypto space. The episode concludes with reflections on Bitcoin Pizza Day, celebrating a pivotal moment in crypto history.


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Transcript

Click on a timestamp to play from that location

0:00.0

Welcome back, everyone to the crypto rundown where we talk about everything that's happening in the great world of cryptocurrency.

0:16.1

From the fundamentals in the news to the technicals on the charts. We spend the time doing hours of research

0:21.5

so that you all don't have to. And man, we have another action-pack episode today. And I know

0:27.0

what you're thinking you're saying, Brendan, every single week you enter this zone. You say we have an

0:31.7

action-packed episode. And that's right. And this week, above all else, it is for an absolutely

0:36.9

acceptable reason, because we're going to

0:39.0

be talking about the potential Ethereum ETF approvals. We've been waxing and waning over this

0:45.9

issue saying it's likely to happen. Now it doesn't look like it's happening. Well, massive news just

0:50.8

hit the market. It looks like it's going to be happening. Everyone's scrambling.

0:55.1

Prices are tearing. We're seeing things that are related to Ethereum up 20, 30% over the last few days.

1:02.5

Bitcoin is just at all time highs again. So much is happening along with a lot more in the news today.

1:09.1

But man, before we get too involved here, TiVo, before I

1:12.6

started ranting, welcome. How are you feeling? Feeling great. Really, uh, really exciting week.

1:19.1

And like you said in the beginning, we tell you that it's an aspect episode every week,

1:22.9

because it is. We were literally, we had Bryce on last week and I was going through our clips and,

1:28.2

you know, we were spitball and all of us were talking about, hey, we think, you know, it's more

1:32.8

likely than not that all time highs and price action going higher was where we saw the market going

1:38.0

and it was trending that way. And there was a clip of I was talking about like, hey, this show is all about giving you breadcrumbs.

1:48.7

We line out every week, you know, some breadcrumbs of where we think things might be going.

1:53.3

And while it's never financial advice, we're just kind of spitballing our knowledge and what, what we know.

1:55.0

You know, we were all leaning higher.

2:01.2

And then sure enough, a little positive catalyst. And now a lot of people might be looking back and saying, hey, man, I wish, wish I followed the breadcrumbs. So we hope you're in the market. We hope you're enjoying the

...

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