ETH Maintains $3.8K Price Ahead of SEC ETF Decision, BTC Slips Below $70K (Market Watch)

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Bitcoin’s price movements have calmed over the past day after skyrocketing to $72,000, and the asset has even lost some ground since yesterday, currently sitting below $70,000.

Ethereum continues to present a strong front as anticipation builds for today’s SEC decision on one of the ETH ETFs.Bitcoin had a quiet weekend, which it spent trading sideways, around $67,000, as the consolidation continued. However, the landscape changed substantially on Monday evening when news emerged that the US Securities and Exchange Commission could greenlight a spot Ethereum ETF as early as this week.

The primary cryptocurrency reacted quite positively to the reports and soared past $70,000 for the first time in over a month and tapped a 6-week peak of just shy of $72,000.This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:As of now, the cryptocurrency trades about $500 away from the round-numbered milestone, with its market cap down to $1.370 trillion.

TON and NEAR are the other larger-cap alts in the green today, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB have turned red.Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.

 

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