Positive price movements in Ethereum (ETH) also increased other projects that are part of the ecosystem.
The hacking of the US Securities and Exchange Commission’s (SEC) social media account late yesterday and the sharing of a fake post about the approval of the spot Bitcoin ETF stirred up the cryptocurrency market. High volatility moves One of the living projects was Ethereum.
Taking a solid stance against fake news, Ethereum soon made an upward move. for $2,424 reached. With the rise of Ethereum, which is part of the Ethereum ecosystem Arbitrum (ARB), Optimism (OP), RocketPool (RPL) And Lido Finance (LDO) It really took off in projects like this.
Especially on the Ethereum network layer 2 (L2) One of the striking points was that projects providing liquid staking services received attention. While LDO was one of the projects that stood out during yesterday’s activity, 20% with the rise $3.25 from level for $3.92 reached.
ARB managed to surpass LDO and 25% experienced an increase in value. ARB price last night From $1.63 to $2 rose.
OP similarly a 21% increase hosted. Altcoin price in a short time $3.76 from $3.10 tested. RLP, like other ecosystem projects, received its share from the rising wave. 22% showed an increase. With this increase From $27.3 to $33.2 reached.
Although all these Ethereum ecosystem projects made a minor correction after their rise, they started their upward movements again at the time of writing with the strong expectation that the spot Bitcoin ETF news will be approved today.
Spot Bitcoin ETF after approval 2024 Spot Ethereum ETFs are expected to be approved in the second quarter of 2019. One of the largest financial institutions in the world BlackRock We recently submitted a petition to the SEC for iShares Ethereum Trust. S-1 had submitted its application.