After the announcement of the approval of the Ethereum ETF, the entire crypto market witnessed noticeable fluctuations, as the price of Bitcoin rose to a level exceeding $70,000 and the price of Ethereum approached the level of $4,000, after which it rebounded and the market corrected in the hours that followed the announcement.
Today, the attempt to rise again began, as Bitcoin shows a sign of an upward trend, as it rose by 2.5% in the last 24 hours and is currently trading at $69,000. If it continues on this path and stabilizes above the $70,000 level, we may see a new record high.
Ethereum calmed down after the momentum surrounding the Ethereum ETF, and it appears that the selling pressure did not let the currency shine more and it remained below the $4000 level despite many optimistic analyzes that believe that the price of Ethereum will double with the actual start of trading of the Ethereum ETF on the stock exchange.
But they remain just expectations, and the reality is that the Ethereum currency has not yet been able to break the $4000 resistance.
Alternative digital currencies, some of which have created their own glory, such as the meme coin PEPE, which rose by 54% in the last week and achieved a new peak at $0.00001538.
Additionally, DeFi platform Uniswap's cryptocurrency (UNI) has seen a staggering 20% rise, now trading near $11.
Other currencies like XRP, DOGE, TON, SHIB, DOT, IMX, and NEAR were also in the green zone.
Bitcoin's market cap has risen to $1.350 trillion, while its dominance over altcoins remains at 50.2% according to Coingecko.
