Avalanche Jumps 27% After Bitwise ETF Application
Avalanche (AVAX) is experiencing quite a price surge, while the larger crypto market consolidates after the recent correction. According to CoinGecko statistics, AVAX’s price has surged 7.3% in the daily charts, 17.9% in the weekly charts, 27.9% in the 14-day charts, and 24.4% over the previous month. AVAX’s price seems to be moving contrary to Bitcoin (BTC), which seems to be plateauing at the $115,000 mark. Avalanche’s (AVAX) latest upswing follows Bitwise’s recent S1 application to the SEC for a spot ETF. Source: CoinGecko Will Avalanche Hit a New All-Time High Amid Bitwise’s ETF Application? Source: Securehindi ETFs have played a vital role in the current crypto market cycle. Bitcoin (BTC) has hit multiple all-time highs after the SEC approved 11 spot ETFs last year. Ethereum (ETH) also hit a new all-time high earlier this year, thanks to corporate treasuries and ETF inflows. A similar pattern could emerge for Avalanche (AVAX) as well, if the SEC approv...