Crypto Price Today: Bitcoin nears $28,000; Ethereum rises above $1,550
Bitcoin ETF. Bitcoin was up 3.8% at $27,909, while Ethereum was above the $1,550 level.
Meanwhile, the global cryptocurrency market cap surged 2.6% to around $1.08 trillion in the last 24 hours.
«BTC and ETH both showed positive gains over the weekend, driven by the news that the SEC won't appeal the court decision regarding Grayscale's spot Bitcoin ETF application. This news has sparked the interest of investors, as it raises the likelihood of a BTC spot ETF approval by the end of the first quarter of 2024,» said CoinDCX Research Team.
Meanwhile, Parth Chaturvedi, Investments Lead at CoinSwitch Ventures, said, «In a positive development that underlines the crypto adoption, Ferrari — a well-renowned car manufacturer will now accept crypto as a payment method for its luxury cars in the U.S. To execute this, the company has partnered with BitPay wherein payments will be accepted in BTC, ETH, and USDC. As part of its expansion plans, this payment method will soon be available in Europe as well.»
Did you Know?
SAP has launched a new enterprise on the Metaverse with the aim of accelerating cloud adoption among Indian firms. The interactive and immersive ‘cloud on wheels’ platform will enable customers to experience the full range of SAP’s offerings and reimagine processes for improved business outcomes.
View Details»In today's trade, other crypto tokens were also trading higher. Solana and Tron rose up to 3%, while Toncoin, XRP, BNB, Litecoin, and Polkadot surged up to 2%.
In the last 24 hours, the market cap of Bitcoin, the world's largest cryptocurrency, surged to $544 billion. Bitcoin's dominance is currently 50.3%, according to CoinMarketCap. BTC volume in the last 24 hours increased 120.4% to $10.94 billion.
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