/ Explore the crypto market today: Bitcoin (BTC) and Ethereum (ETH) are On Green Track, While IOTEX and BONK Making Good Surge.

Author: Nilesh Hembade.

Date: 21 Dec 2023, 10:20 AM IST

Crypto Market Today: Bitcoin Returns On Green Track As Bitcoin ETF Approval Nears, While IOTEX and BONK Making Good Surge

Thursday morning brought a positive wave to the overall cryptocurrency market, with Bitcoin (BTC) and Ethereum (ETH) witnessing a turnaround into the green zone, propelled by the anticipation of a Bitcoin ETF approval. QCP Capital’s recent update suggests that the much-anticipated approval may materialize in less than three weeks. Market observers speculate that the official announcement could be made either at market close on January 5 or sometime between January 8-10, 2024.

Simultaneously, IoTeX (IOTA) and Bonk (BONK) are emerging as frontrunners in today’s market dynamics.

Bitcoin (BTC) and Ethereum (ETH) Prices:

Bitcoin (BTC) experienced a 2.42% surge in the last 24 hours, reaching $43,642.12. The current market cap of Bitcoin stands at an impressive $854 billion. Ethereum (ETH) is trading at $2,202, reflecting a modest 0.11% increase in the last 24 hours, with a market cap of $260 billion.

IoTeX (IOTA) and Bonk (BONK) Surge:

1) IoTeX (IOTA):
In the cryptocurrency realm, IoTeX (IOTA) is witnessing an impressive surge in its price today. The value of the IOTA coin soared by 31.14% in the last 24 hours, reaching $0.06397. The market cap for IOTA now stands at $606 million, showcasing a remarkable weekly surge of +100.60%.

2) Bonk (BONK):
The Bonk (BONK) memecoin has also taken a bullish turn today, with a 8.51% increase in the last 24 hours, reaching $0.00002004. The market cap for BONK stands at $1.22 billion, reflecting a noteworthy weekly surge of 45.49%.

As the crypto market experiences these dynamic shifts, investors and enthusiasts eagerly await the potential approval of the Bitcoin ETF, which could further shape the trajectory of the broader digital asset landscape in the coming weeks.