- Avalanche prices trigger a fresh recovery within the formation of an inverted flag pattern.
- Bitwise Asset Management launched a new exchange-traded fund designed to provide direct exposure to the Avalanche blockchain ecosystem.
- The momentum indicator, RSI Relative Strength Index a 53% indices restoring bullish momentum in price.
AVAX, the native cryptocurrency of the Avalanche network, jumped over 2% during Wednesday’s U.S. to trade at $9.53. A primary catalyst to this surge can be attributed to market-wide recovery as the U.S and Iran reportedly reached an “in-principle agreement” to extend the existing two-week ceasefire. However, the Avalanche price gained additional traction following the official launch and trading debut of the Bitwise Spot Avalanche ETF, BAVA.
Bitwise Launches BAVA ETF Offering 5.4% AVAX Yield
Bitwise Asset Management has rolled out a ne...
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