The reason for Bitcoin and Ethereum corrections, Polymarket goes parabolic

It has been a rough 24 hours across the board in crypto, with Bitcoin dropping several percent and Ethereum taking an enormous, near-10% haircut. But why? Bitcoin has been on a sustained recovery rally for weeks, and with the launch of spot Ether ETFs in the United States, the news has been positive of late — so what’s going on? Today’s episode breaks down what the trusted analysts show, including an incredibly bullish narrative around Bitcoin. In other news, we’ll look at the performance of spot Ether ETFs yesterday and why the crypto-centric betting platform Polymarket has gone parabolic.Further reading:Bitstamp will begin Mt. Gox creditor repayments on July 25Bitcoin dip under $65K is not ‘likely’ due to Mt. Gox sell-offBitcoin whales go on ‘unprecedented’ $23B July buying spree — New dataSpot Ethereum ETFs post $113M of outflows on second day of launchEthereum ETF sell-off signals more trouble — 10x ResearchPolymarket clinches MoonPay payments partnership amid US election betting frenzySo, grab yourself a coffee, and let’s get into it!Rise’n’Crypto is brought to you by Cointelegraph and is hosted and produced by Robert Baggs. You can follow Robert on Twitter and LinkedIn. Cointelegraph’s Twitter: @CointelegraphCointelegraph’s website: cointelegraph.comThe views, thoughts and opinions expressed in this podcast are its participants’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph. This podcast (and any related content) is for entertainment purposes only and does not constitute financial advice, nor should it be taken as such. Everyone must do their own research and make their own decisions. The podcast’s participants may or may not own any of the assets mentioned.