In recent minutes, the cryptocurrency market has experienced a significant increase in the prices of various digital assets. Here are some key highlights:

• Bitcoin ($BTC ): Currently trading at USD 87,626, with an increase of USD 3,039 (approximately 3.59%) since the previous close.

• Ethereum ($ETH ): It is at USD 2,260.21, registering an increase of USD 89.50 (around 4.12%).

• Binance Coin (BNB): Its price is USD 613.29, with a rise of USD 11.95 (close to 1.99%).

• Cardano ($ADA ): Trading at USD 0.833014, with an increase of USD 0.20067 (approximately 31.73%).

• XRP (XRP): Reaching USD 2.60, registering an increase of USD 0.45 (around 20.93%).

This rally in cryptocurrency prices is attributed to the recent approval by the U.S. Securities and Exchange Commission (SEC) of new Ethereum exchange-traded funds (ETFs) that incorporate staking. Companies like 21Shares and Grayscale have received the green light to launch products that not only expose investors to the price of Ethereum but also generate additional income through staking. This approval has led to an increase in demand for Ethereum and positively influenced the overall cryptocurrency market.