$BTC ### Bitcoin and Ethereum Lead Market Surge Following US Approval of Spot ETFs
According to CryptoPotato, the cryptocurrency market saw a remarkable surge last week, largely fueled by the anticipation and subsequent approval of spot Ethereum ETFs in the United States. Among the larger-cap altcoins, **Uniswap (UNI)**, **Pepe (PEPE)**, **Lido (LDO)**, and **Ethereum ($ETH )** led the gains.
#### Bitcoin's Rollercoaster Week
Bitcoin struggled to maintain its position above $66,000 last Sunday, dipping below this level multiple times. However, by the end of the week, Bitcoin had nearly reached $72,000 for the first time in six weeks, buoyed by reports that the US SEC might approve eight spot Ethereum ETFs. Despite a mid-week dip, Bitcoin managed to rebound to $69,000 by Friday. Over the weekend, Bitcoin held steady around $69,000. Its market cap is close to $1.370 trillion, with a dominance of 50.3% over altcoins.
#### Ethereum's Surge and Altcoin Performance
Ethereum's native token, **#ETH **, saw a significant rise from $3,100 to over $3,900, marking its highest price since April. Other cryptocurrencies such as **Dogecoin (DOGE)**, **Chainlink (LINK)**, and **Aptos (APT)** also posted impressive gains. Uniswap and Pepe were particularly notable, with **UNI** increasing by 44% to stand above $11, and **PEPE** reaching several all-time highs throughout the week.
#### Mixed Fortunes for Other Altcoins
In contrast, **Solana (SOL)**, **TRON (TRX)**, **Toncoin (TON)**, and **Cardano (ADA)** experienced losses on a weekly scale. Despite these setbacks, the total crypto market cap increased by more than $200 billion during this period, now standing above $2.7 trillion.
The approval of spot Ethereum ETFs by the US securities regulator has significantly impacted the market, leading to increased volatility and substantial gains for many cryptocurrencies.#ETHETFsApproved #FIT21 #EarnFreeCrypto2024 #btc70k