Crypto Market Today: Ethereum on Fire! While Bitcoin Sees Steady Rise after Bitcoin Spot ETF Approval

In a thrilling turn of events on Thursday morning, the crypto market witnessed a wave of optimism with green candles dominating the charts. The anticipation surrounding the approval of the Bitcoin Spot ETF finally came to an end, as the U.S. Securities and Exchange Commission (SEC) granted approval to all 11 applicants, including prominent names like Ark Invest, Grayscale, and BlackRock.

Contrary to investors’ expectations of a significant surge, the approval did not propel Bitcoin to breach the coveted $50,000 mark. However, Ethereum stole the spotlight today, experiencing a remarkable surge of +10.65% within the last 24 hours.


Let’s look into the current market prices:

As of today, Bitcoin (BTC) has seen a modest increase of 0.69%, bringing its price to $46,377 in the last 24 hours. The market capitalization of Bitcoin (BTC) currently stands at an impressive $909 billion. Meanwhile, Ethereum (ETH) is making headlines, trading at $2,612 and showcasing a remarkable surge of 10.65% in the last 24 hours. Ethereum’s market cap now stands at an impressive $314 billion.

The top gainers in the crypto market are as follows:

  1. Ethereum Classic (ETC): The price of the ETC coin has surged by an astounding 34.99%, reaching $28.10 in the last 24 hours. The market capitalization for Ethereum Classic stands at a robust $4.11 billion.
  2. Ethereum Name Service (ENS): Today, the price of the ENS token has experienced a remarkable surge of 34.26%, reaching $19.19 in the last 24 hours. The market cap for the ENS token has concurrently risen to an impressive $583 million.
Source: Coinmarketcap

As the crypto market continues to exhibit its dynamic nature, investors and enthusiasts eagerly await further developments and potential shifts in the landscape. Stay tuned for more updates on the exciting world of cryptocurrencies.

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