Bitcoin gains $1.2K in 1 hour as BTC price rebounds on Ether ETF launch

Bitcoin and Ethereum volatility continue as crypto traders react positively to Ether ETF trading volumes.

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Bitcoin (BTC) bulls fought to protect $66,000 on July 23 as the United States spot Ether (ETH) exchange-traded funds (ETFs) wowed analysts.

Data from Cointelegraph Markets Pro and TradingView showed BTC price strength rebounding after initial weakness on the Wall Street open.

The launch of trading for the spot Ether ETFs appeared to catch market participants by surprise as impressive volumes, which totaled over $100 million in just 15 minutes, sent ETH/USD up 2.3%., retracing an initial rout.

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