Avalanche (AVAX) Surges 7.7% to $24.77 on BlackRock Investment and ETF Speculation
The post Avalanche (AVAX) Surges 7.7% to $24.77 on BlackRock Investment and ETF Speculation appeared on BitcoinEthereumNews.com. Lawrence Jengar Aug 13, 2025 01:01 AVAX trades at $24.77 after surging 7.7% in 24 hours, driven by BlackRock’s $240M investment and 90% ETF approval odds by December 2025. Quick Take • AVAX currently trading at $24.77 (+7.70% in 24h) • Avalanche’s RSI at 58.22 indicates neutral momentum with room for further upside • BlackRock’s $240M investment and potential ETF approval driving institutional interest What’s Driving Avalanche Price Today? The AVAX price rally over the past 48 hours stems primarily from a wave of institutional adoption news that has fundamentally shifted market sentiment. Yesterday’s 6% surge following strategic partnerships with Deutsche Börse and Youmio has been overshadowed by even more significant developments around institutional investment. BlackRock’s massive $240 million investment into Avalanche projects represents one of the largest institutional commitments to the ecosystem to date. This move, combined with VanEck’s $100 million Real World Asset (RWA) fund specifically targeting AVAX projects, signals a clear institutional shift toward Avalanche’s blockchain infrastructure. The most bullish catalyst driving current AVAX price action is Bloomberg’s assessment of a 90% probability for AVAX ETF approval by December 2025. This speculation has created significant buying pressure as traders position ahead of potential institutional product launches. Network fundamentals continue supporting the price action, with the recent Octane upgrade reducing C-Chain transaction fees by 42.7%. This technical improvement, coupled with surging DeFi activity that pushed Total Value Locked substantially higher, demonstrates real utility driving demand beyond speculative interest. However, traders should note the upcoming token unlock on August 26, when 9.54 million AVAX tokens (2.77% of total supply worth approximately $103 million at current prices) will enter circulation, potentially creating short-term selling pressure. AVAX Technical Analysis: Bullish Signals Emerge Based on Binance spot market data, Avalanche technical analysis reveals a…
The post Avalanche (AVAX) Surges 7.7% to $24.77 on BlackRock Investment and ETF Speculation appeared on BitcoinEthereumNews.com.
Lawrence Jengar Aug 13, 2025 01:01 AVAX trades at $24.77 after surging 7.7% in 24 hours, driven by BlackRock’s $240M investment and 90% ETF approval odds by December 2025. Quick Take • AVAX currently trading at $24.77 (+7.70% in 24h) • Avalanche’s RSI at 58.22 indicates neutral momentum with room for further upside • BlackRock’s $240M investment and potential ETF approval driving institutional interest What’s Driving Avalanche Price Today? The AVAX price rally over the past 48 hours stems primarily from a wave of institutional adoption news that has fundamentally shifted market sentiment. Yesterday’s 6% surge following strategic partnerships with Deutsche Börse and Youmio has been overshadowed by even more significant developments around institutional investment. BlackRock’s massive $240 million investment into Avalanche projects represents one of the largest institutional commitments to the ecosystem to date. This move, combined with VanEck’s $100 million Real World Asset (RWA) fund specifically targeting AVAX projects, signals a clear institutional shift toward Avalanche’s blockchain infrastructure. The most bullish catalyst driving current AVAX price action is Bloomberg’s assessment of a 90% probability for AVAX ETF approval by December 2025. This speculation has created significant buying pressure as traders position ahead of potential institutional product launches. Network fundamentals continue supporting the price action, with the recent Octane upgrade reducing C-Chain transaction fees by 42.7%. This technical improvement, coupled with surging DeFi activity that pushed Total Value Locked substantially higher, demonstrates real utility driving demand beyond speculative interest. However, traders should note the upcoming token unlock on August 26, when 9.54 million AVAX tokens (2.77% of total supply worth approximately $103 million at current prices) will enter circulation, potentially creating short-term selling pressure. AVAX Technical Analysis: Bullish Signals Emerge Based on Binance spot market data, Avalanche technical analysis reveals a…
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