Bitcoin and Ethereum Price Update
Bitcoin’s price movements have stabilized after reaching $72,000, currently sitting below $70,000. Ethereum is holding strong ahead of the SEC decision on an ETH ETF.
Bitcoin Drops Below $70K
- Bitcoin traded sideways around $67,000 over the weekend.
- News of a potential Ethereum ETF approval by the SEC caused a surge in Bitcoin’s price.
- Bitcoin peaked just under $72,000 before facing resistance.
- The price has since dropped below $70,000, with a market cap of $1.370 trillion.
Ethereum Above $3.8K
- Ethereum surged by over 20% to reach over $3,800 after the positive news.
- ETH price remains steady ahead of the SEC’s decision on an ETF application.
- Other altcoins like TON and NEAR are in the green, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB have dipped.
- PEPE continues to set new all-time highs, driving the total crypto market cap to just under $2.730 trillion.
Crypto Market Overview
The cryptocurrency market remains relatively stable, with Bitcoin and Ethereum showing resilience in the face of regulatory developments and market volatility.
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