The Cryptocurrency Market Reacted to the Decision of the SEC to Reconsider Recent Refusals
Cryptocurrency market is now marked by a significant increase in most cryptocurrencies. Analysts and investors associate this event with the recent SEC statement about the forthcoming consideration in the already rejected applications for bitcoin-ETF.
Over the past 24 hours, bitcoin showed steady growth, beating the price of $6,600, this despite the fact that he started from a position of $6,400. Not so long ago there was a drop in prices, followed by a recovery. All dynamics in recent days is largely due to unexpected decisions for the crypto community of the Securities and Exchange Commission of the United States. Also, the price of bitcoin was largely influenced by the news of the new anti-cryptocurrency policy in China.
According to CoinMarketCap, Bitcoin and VeChain (VET) became the only two crypto assets in the ranks of the best TOP 20 digital coins by market capitalization, which for the last week in total showed a profitable result. Although for bitcoin weekly profit was only 1.43%.
Meanwhile, Ethereum today trades at a level close to $280, which equates to 2.7% growth over the past 24 hours. But the monthly result isn't so good, because the second cryptocurrency by the market capitalization lost about 41% in value.