Midweek and we bring you what you need to know this Wednesday in the Bitcoin industry.

🔵 Germany continues selling, but the market seems to have stopped caring. The price of Bitcoin dawned above USD 58,000 today, even touching USD 59,000 at times. This is despite the fact that Germany has already sent at least 6,000 BTC ($350M) to exchanges today alone.

🔵 Bitcoin (BTC) could be entering the end of the price correction phase to enter a bullish rally, which would arrive by the third quarter of 2024. This is suggested by the analyst known as Crypto Dan, based on the Puell multiple , a metric used to detect good moments of buying or selling the digital currency.

🔵 Fee war for Ethereum ETFs has begun. The launch of these financial products in the US would be imminent and the issuing companies are already looking to offer the lowest management fees to attract investors. According to the data available so far, Franklin Tmpleton will have the cheapest ETF, with fees of 0.19% per year.

🔵 Ethereum is once again an inflationary asset. After several months as a deflationary cryptocurrency, the issuance of ether (ETH) has been outpacing burning for a month due to the drop in network activity.

At this time, high priority fees in Bitcoin reach 8 sats/vB (around USD 0.64), while in Ethereum the highest priority fee is 15 gwei (USD 0.91).