Bitcoin traded sideways on Wednesday, holding steady at $66,450.2, recovering slightly after losses earlier this week. The lackluster performance comes amid heightened political uncertainty surrounding the U.S. presidential race and a general aversion to risk-driven assets. The launch of six spot Ether ETFs in the U.S. on Tuesday, generating over $1 billion in trading volume, failed to significantly impact Ether’s price, which slipped 1% to $3,460.38. While the ETFs are expected to attract institutional investors, the actual demand for the product remains unclear. Altcoins also saw limited movements, reflecting the overall weak sentiment towards risk-driven assets.
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Despite the mixed crypto market performance, Italian luxury car manufacturer Ferrari announced its expansion of crypto payment options to its European dealer network starting at the end of this month. The move follows the successful implementation of the system in the U.S. last year, demonstrating Ferrari’s acceptance of cryptocurrencies and its focus on catering to affluent customers who prefer this payment method.