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PEPE, FLOKI Explode by Double Digits, Bitcoin Uncertain at $70K (Market Watch)

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After skyrocketing by five grand in hours and tapping a multi-month peak, bitcoin’s price rally has calmed, and the asset slipped below $70,000 earlier today.

However, the landscape changed a lot on Monday amid rumors that the US SEC could greenlight spot Ethereum ETFs as early as this week. BTC, alongside most of the market, reacted with an immediate price surge that drove it from around $67,000 to $72,000, which became its highest price tag since April 9.

DOGE and SHIB are the other larger-cap gainers, having jumped by 3% each. In contrast, TON, ADA, BCH, and NEAR have declined by 3-5%.

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