PEPE hits new ATH, UNI Skyrockets

The most important news in the crypto industry this week comes from the US Securities and Exchange Commission and largely affects ETH. The regulator approved eight Ethereum spot ETFs on Thursday, which, along with the hype surrounding the news, fueled a major rally for the underlying asset. ETH rose from $3,100 on Monday to over $3,900 midweek before falling slightly to its current position of $3,750.

Several other altcoins recorded significant gains during the week and PEPE emerged as one of them. The popular meme coin exploded another 12% in the past day and charted another all-time high of $0.00001538 hours ago.

Uniswap's native token is another incredible gainer today. UNI is up 20% and now trades at nearly $11. XRP, DOGE, TON, SHIB, DOT, IMX and NEAR are also in good green.

Total cryptocurrency market capitalization has recovered over $60 billion since yesterday and is now close to $2.7 trillion on CG.

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