News - Price losses in crypto market - despite ETF approvals

By Mike Hesp

Price losses in crypto market - despite ETF approvals

Ethereum (ETH)
ETF

It borders on a miracle: Ethereum spot ETFs are now allowed in the U.S. as well. Unlike Bitcoin, however, there has not been a huge run on the crypto market.

There were no great prediction. And yet: last night approved the SEC some Ethereum spot ETF's good.

However, the big price explosion failed to materialize. Ethereum fell more than one percent from the previous day.

The big price gains occurred in the days before the actual approvals. The price of Ether continues to rise 27 percent from week to week. At press time, the price of Ether was listed at $3,730.

The overall situation in the crypto market is not looking much better at the moment. The total market capitalization is down 2.7 percent from the previous day. Most of the 100 largest cryptocurrencies recorded price losses.

Bitcoin falls 2.7 percent to about $67,500.

Solana - the hardest hit of the ten largest cryptocurrencies - fell five percent to $167.

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