BTC
Trading volume has fluctuated significantly recently, which has brought an unstable impact on other so-called "altcoins".
Now, everyone is paying close attention to an important decision that the U.S. Securities and Exchange Commission (SEC) will make this week, which involves the exchange-traded fund ETF of Ethereum.
ETF is like a "basket" that contains multiple assets, allowing investors to invest as easily as buying stocks. Now, three companies (VanEck, Ark and 21Shares) have applied to the SEC for Ethereum ETF.
So, this week, everyone is particularly concerned about the SEC's decision, because this decision may affect the trend of "altcoins" based on Ethereum. Including ETC, MATIC, MNT, etc., as well as those related to decentralized finance (DeFi), such as LDO and LINK.
In addition to these Ethereum-based "altcoins", another news worth paying attention to is that Nvidia will release its earnings report on May 22. Since Nvidia has an important position in the mining field, this news may trigger investors' interest in cryptocurrencies.
In addition, there is also a release called ASI that may also make some "altcoins" rise rapidly, such as FET, AGIX and OCEAN.
