Institutional Demand

In August 2024, the crypto market showed resilience despite volatility from Fed interest rate hikes. Bitcoin held strong above $50K, while Ethereum faced ETF outflows. Notable is the rise in stablecoin supply and growing crypto adoption by companies like Ferrari. Innovations like Visa crypto cards and EU regulation compliance mark a promising future. Explore buying crypto with ease on Bitlet.app, featuring flexible Crypto Installment plans.

Ethereum's price is approaching the $4,000 mark, fueled by growing institutional interest and large ETF inflows. This trend highlights the increasing confidence in Ethereum as a valuable crypto asset.