Bitcoin and Ethereum, through the skies: this made the prices of all cryptocurrencies explode

With the approval of Bitcoin spot ETFs, most cryptocurrencies marked the rise. How much do they quote?

Bitcoin and Ethereum, through the skies: this made the prices of all cryptocurrencies explode

As expected, cryptocurrencies took a significant leap following the US Securities and Exchange Commission's (SEC) decision to approve a long list of Bitcoin spot ETF applications, including those from asset managers. largest in the world, BlackRock, Grayscale and Fidelity, among others.

The logic behind the market movements, whose capitalization rose more than 5% in 24 hours, has to do with the fact that these funds give investors direct exposure to Bitcoin (BTC) without the need for them to own or maintain the asset. themselves.

Faced with this scenario, the pioneer cryptocurrency returned to the maximum levels of $47,000 and the price of Ethereum (ETH) grew more than 10%.

$BTC $ETH #Criptoaldia #Criptomonedas #Bitcoin: #BinanceSquare #ETH