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@derryck
CryptoQuant noted a surge in demand for Ethereum following the approval of spot ETFs in the US and the past Fed meeting. On June 12, investors bought 298,000 ETH (~$1.34 billion), the second highest daily value in the cryptocurrency's history. It is 6% below the record set on September 11, 2023. On that day, long-term investors bought 317,000 ETH when the price fell below $1600.
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