Crypto Price Today: Bitcoin holds above $36,600, Ethereum jumps 10% as BlackRock files a spot ETH ETF with NASDAQ
XRP (-5%), Dogecoin (-2.8%), and Toncoin (-7%) were trading in the red, while Ethereum (9.7%), Solana (5.5%), Polygon (3.6%), Cardano, and BNB were trading in the green.
Meanwhile, the global cryptocurrency market cap increased by 1.8% to around $1.4 trillion in the last 24 hours. At the same time, the market cap of Ethereum, the world's second-largest cryptocurrency, surged to $253 billion.
On Friday, Ethereum experienced a significant surge, surpassing the $2,000 resistance level with a more than 10% increase. This growth was driven after the asset management giant BlackRock registered to create an Ethereum trust, a potential first step toward asking regulators to approve an exchange-traded fund tied to ether, the second-largest digital token.
BlackRock registered the iShares Ethereum Trust as a Delaware statutory trust on Thursday. Nasdaq also filed a proposal on Thursday to list and trade shares of the trust.
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View Details»«Ethereum has experienced remarkable growth of over 10% in the past 24 hours, surpassing the $2,100 level. This surge is attributed to asset manager Blackrock filing for its iShares Ethereum Trust, paving the way for a potential Ethereum spot ETF,» said Edul Patel, CEO of Mudrex.
At 12.08 p.m., BTC was trading 0.3% lower at $36,628. In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, declined to $715 billion. Bitcoin's dominance is currently 51.14%,
