/ Explore the latest from crypto market today: Bitcoin holds steady post ETF approval, while Ethereum soars by 10.65%.
Author: Nilesh Hembade.
Date: 12 Jan 2024, 10:00 AM IST
On Friday morning, major cryptocurrencies like Bitcoin and Ethereum found themselves in the red zone despite the recent approval of the Bitcoin Spot ETF. Investors seem unimpressed, as the excitement surrounding the new Exchange-Traded Fund (ETF) for Bitcoin hasn’t translated into substantial gains.
As of now, let’s take a closer look at the current prices:
Bitcoin (BTC): The price of Bitcoin (BTC) is down by 0.93%, resting at $46,027 in the last 24 hours. Despite the recent downtrend, the market cap of Bitcoin remains formidable at $901 billion.
Ethereum (ETH): Ethereum (ETH) is currently trading at $2,596, experiencing a minor dip of 0.45% in the last 24 hours. The market cap for Ethereum stands at $312 billion.
Top Gainers:
1) SUI (Sui): The SUI token has emerged as a top performer today, showcasing a bullish track with a remarkable surge of 20.02%. As of now, the price of SUI stands at $1.09, and the market cap for the SUI token has reached an impressive $1.21 billion.
2) PEOPLE (ConstitutionDAO): In another exciting development, the price of the PEOPLE token has seen a substantial increase of 35.28% in the last 24 hours, reaching $0.044473. The market cap for the PEOPLE token now stands at $228 million, indicating a noteworthy uptrend.
While Bitcoin and Ethereum may be facing challenges in the current market, the bullish performance of SUI and PEOPLE tokens offers a silver lining for investors.