After last week’s many big rises and swings, Bitcoin The price entered a consolidation phase, standing in a range between $68,000 and $69,000.
Ethereum Following the approval of Spot ETH ETFs, it started to rise again and reclaimed the $3,900 level.
Bitcoin is at 69 Thousand Dollars
The pioneering cryptocurrency was among the biggest beneficiaries of last week’s positive buzz regarding the potential approval of spot Ethereum ETFs by the US SEC. The asset skyrocketed by five thousand dollars last Monday, reaching a multi-week high of almost $72,000.
However, it began to pull back in the following days, falling sharply just hours before the US regulator gave the green light to eight such financial products. At that time, BTC dropped to $66,250 before the bulls halted the move and stopped the free fall.
The asset bounced and rose to $69,500 by Saturday. However, it failed to continue upwards and challenge the $70,000 level again. In fact, it calmed down at those levels and spent the last 36-48 hours in a range around $69,000.
The slight decline in the daily scale means that the market cap has fallen to $1.350 trillion in CG. Its dominance over altcoins has taken a hit, falling below 50% for the first time in months.
ETH Heads North, Pepe Coin Eyes ATH
As reported yesterday, PEPE It was the top gainer on a weekly scale, and the popular meme coin has only doubled its rise in the last 24 hours. Another 13% increase since yesterday has pushed PEPE just above its all-time high of $0.000017. In fact, only JASMY outperformed on the 24-hour scale.
FLOKI and BONK are also in the green with gains of around 13% each. While most large-cap altcoins were stagnant, Ethereum took center stage with a 3.5% gain. As a result, the second-largest cryptocurrency is currently trading well above $3,900.
In contrast, DOGE, XRP, TRX, AVAX, NEAR and BCH are slightly in the red.
Total crypto- The market capitalization has maintained its position at just over $2.7 trillion in CG since yesterday.
