BTC targets $69k
The prices of major cryptocurrencies are also affected by Ethereum ETF news. The asset rose from $67,000 to a multi-week high of $72,000 on Monday and Tuesday before falling sharply in the following days.
The most significant price drop occurred on Thursday, just hours before the US SEC announced its decision and took BTC below $66,500. However, the asset bounced back, feeling some more volatility in the following hours and started rallying last night.
This culminated in the price skyrocketing to over $69,200 amid positive inflows into spot ETFs. However, the bears have picked up the pace at this point and are not allowing further gains. As of now, bitcoin trades just under $69,000.
Its market capitalization has increased to $1.350 trillion, while its dominance over other coins remains at 50.2%.
