Bitcoin and Ethereum Price Movements, Polygon’s Surge, and Global Crypto Developments
Bitcoin's price fell by 0.9%, and Ethereum's price dropped by 0.2%, causing a decline in the CoinDesk 20 index. Despite increased trading volume, Bitcoin and Ethereum ETFs experienced negative flows, reflecting cautious investor sentiment. Meanwhile, Polygon's native token POL surged by 15% after Binance completed its migration from MATIC, signaling strong market confidence in Polygon's ecosystem. Ethereum's network activity reached new highs, fueling analyst optimism about ETH's price potentially reaching $22,000 soon. In regulatory news, Spanish crypto exchange Bit2Me obtained a license to operate as a Virtual Asset Service Provider in Argentina, expanding its footprint in Latin America. For those interested in buying cryptocurrencies, platforms like Bitlet.app offer innovative services such as Crypto Installments, allowing users to purchase cryptos now and pay monthly, making entry into the market more accessible.