(23 May 2024, 11:15 AM IST)
On Thursday morning, the cryptocurrency market displayed a slight downturn following a strong rally driven by positive news from the U.S. Securities and Exchange Commission (SEC). The SEC’s announcement regarding the approval of an Ethereum Spot ETF sparked bullish sentiment, causing Bitcoin (BTC) and Ethereum (ETH) to briefly surpass $70,000 and $3,800, respectively.
Currently, Bitcoin is struggling to maintain its position above $70,000. As of now, Bitcoin is trading at $69,348, down 0.77% in the last 24 hours, with a market cap of $1.37 trillion. Ethereum, on the other hand, has shown a minor increase of 0.11%, trading at $3,769 with a market cap of $454 billion.
Bittensor (TAO), Dogwifhat (WIF), and Jasmycoin (JASMY) on the Rise
Despite the broader market’s slight decline, several cryptocurrencies have continued to perform well:
- Bittensor (TAO): The price of the AI-focused token Bittensor (TAO) surged by +10.02% over the last 24 hours, reaching $466.07. TAO’s market cap now stands at an impressive $3.18 billion. Over the past week, the TAO token has seen an 18.19% increase.
- Dogwifhat (WIF): The trending memecoin Dogwifhat (WIF) has also benefited from the market’s optimistic mood. Its price has risen by +9.21% to $3.02, pushing its market cap to $3.02 billion.
- Jasmycoin (JASMY): Jasmycoin has experienced significant gains, with its price increasing by 5.79% to $0.02164. The market cap for Jasmycoin is currently $1.07 billion.
While Bitcoin and Ethereum struggle to hold their recent gains, but Bittensor (TAO), Dogwifhat (WIF), and Jasmycoin (JASMY) are still shining with impressive gains in cryptocurrency market today.