Crypto Market Update: Bitcoin ETF Boosts Market Confidence
The cryptocurrency market today is buzzing with optimism following the news that the U.S. Securities and Exchange Commission (SEC) will not appeal a court decision that rebuked its rejection of Grayscale’s application to turn its bitcoin (BTC) trust into an ETF. This development has significantly boosted the odds of the Grayscale Bitcoin Trust (GBTC) being converted into a more appealing ETF. The price of Bitcoin jumped on this news, reflecting the positive sentiment in the market.
In other news, South Korea’s Korea Superconducting Tokamak Advanced Research (KSTAR) facility has achieved a significant milestone in nuclear fusion technology. This development has sparked interest in the crypto market due to the potential implications for energy consumption in crypto mining.
Bitcoin Price Today
As of today, the price of Bitcoin (BTC) is $26,917 with a 24-hour trading volume of $14,416,039,460.78. This represents a -2.93% price decline in the last 24 hours and a -2.74% price decline in the past 7 days. The global cryptocurrency market cap today is $1.08 trillion, a -1.19% change in the last 24 hours and a 12.59% change one year ago.
Top 3 Crypto Gainers and Losers Today
| Name | Price | 24h % Change | |
|---|---|---|---|
| 📈 Top Gainers | Loom Network | $0.2136 | 9.83% |
| Frax Share | $5.51 | 4.94% | |
| Gala | $0.01365 | 4.82% | |
| 📉 Top Losers | THORChain | $1.51 | -8.44% |
| dYdX | $1.84 | -3.16% | |
| Mantle | $0.3485 | -3.12% |