After last week’s enhanced volatility that resulted in numerous massive pumps and dumps, bitcoin’s price has entered a consolidation phase, standing in a range between $68,000 and $69,000.
Ethereum resumed its run after the approval of the spot ETH ETFs in the States, and it has reclaimed the $3,900 level.The primary cryptocurrency was among the biggest beneficiaries of last week’s positive rumors regarding the US SEC’s potential approval of spot Ethereum ETFs. The asset skyrocketed by five grand last Monday and tapped a multi-week peak of almost $72,000.
However, it started to retrace in the following days and slumped hard just hours before the US regulator indeed greenlighted eight such financial products. At the time, BTC dumped to $66,250 before the bulls intercepted the move and stopped the freefall.to $69,500 by Saturday but failed to continue upwards and challenge the $70,000 line again. In fact, it has calmed around those levels and hasThis is all you need not to miss any price action in the raging crypto markets.
FLOKI and BONK are also well in the green, with gains of around 13% each. Even though most larger-cap alts are sluggish, Ethereum has taken the main stage with a 3.5% surge. As a result, the second-largest cryptocurrency now trades well above $3,900.use this link 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.What is Notcoin ? The Viral Token Coming to The Open NetworkDisclaimer: Information found on CryptoPotato is those of writers quoted.