Best Crypto to Buy Now May 22 – Dogwifhat, Bittensor, Dogecoin
Despite lots of positive newsflow on the US regulatory front on Wednesday, major cryptos spent most of the session unwinding recent gains, with investors hunting for the best crypto to buy now needing to get selective in their search for near-term gains.
Bitcoin (BTC) was last down around 1.5% in the past 24 hours and trading just above $69,000.
Ethereum (ETH), meanwhile, was last changing hands in the mid-$3,700s while Solana (SOL) was just under $180.
Crypto markets, and in particular ETH and its major ecosystem tokens, remain substantially higher on the week.
The catalyst was a u-turn from the SECv, who now seem on the verge of approving spot Ethereum ETFs.
19-4b applications could be approved as soon as tomorrow, paving the way for ETF launches in the coming weeks/months.
My best guess is we hear from the SEC around 4pm tomorrow. For spot btc they dropped it at 3:45pm, some others in past were slightly after 4pm. Anything poss tho https://t.co/MzTOcsmTnJ
— Eric Balchunas (@EricBalchunas) May 22, 2024
But a major piece of comprehensive crypto legislation just secured a bipartisan majority in the US House.
There is no guarantee is makes it through the Senate and gets signed off by President Biden.
But that is major progress for the crypto industry in the USA.
FIT21 passes the House 279 – 136
Read more on cryptonews.com
