/ Explore the latest in the crypto market today: Bitcoin hits $47K amid Bitcoin ETF anticipation. Memecoins, Pepe, and Bonk surge.
Author: Nilesh Hembade.
Date: 09 Jan 2024, 09:10 AM IST
In the early hours of Tuesday, the crypto market exhibited a robust bullish trend, showcasing impressive surges in the prices of Bitcoin and other major cryptocurrencies. The driving force behind this upward momentum is the anticipation of the approval of the Bitcoin Spot ETF in the coming days.
Let’s look into the current price movements:
Bitcoin (BTC):
Today, Bitcoin (BTC) experienced a modest dip of 8.40%, settling at $46,872 over the last 24 hours. Despite this minor setback, the market cap of Bitcoin remains substantial, standing at an impressive $919 billion.
Ethereum (ETH):
Ethereum (ETH) is currently trading at $2,312, reflecting a 6.33% decrease in the last 24 hours. The market cap for Ethereum is reported at $278 billion.
Surge in Memecoins:
Pepecoin (PEPE):
Pepecoin (PEPE) witnessed a notable surge, with its price spiking by 11.57% to reach $0.000001179 within the last 24 hours. The market cap for PEPE now stands at a substantial $498 million.
Bonk (BONK):
Bonk (BONK) experienced a remarkable surge, with its price soaring by 28.86% to $0.00001244 in the last 24 hours. The market cap for BONK has now reached an impressive $782 million.
Investors are closely monitoring these developments, particularly with the Bitcoin Spot ETF approval on the horizon. The crypto community remains optimistic about the potential positive impact this regulatory milestone may have on the overall market, as evidenced by the current bullish sentiments. Keep an eye on the markets as excitement builds around the cryptocurrency market.