Ether set for biggest daily fall in three months, no US ETF bounce 🚨

LONDON, July 25 - Cryptocurrency ether dropped as much as 7% on Thursday as it got caught up in the broad market sell-off and failed to get a lift from this week's launch of the first U.S. exchange traded funds tracking the currency.

The world's second largest cryptocurrency was last down 6% at $3,170 in what would be its biggest daily percentage fall in three months, leaving it broadly in the middle of its recent trading range.

The first U.S. ETFs tied to the price of ether began trading on Tuesday, but have failed to generate the bounce in the price that spot bitcoin ETFs created in bitcoin earlier in the year.

#BinanceTurns7 #ETH_ETFs_Trading_Today #SOFR_Spike #VanEck_SOL_ETFS #Write2Earn!