Ethereum
LDO, ENS and other Ethereum-related tokens soar after positive news on the ETH-SEC front (market watch)
Bitcoin’s price movements were quite painful yesterday as the asset fell twice to a monthly low of $64,000 before managing to regain some ground.
Several altcoins have rebounded after yesterday’s market crash, especially those with some sort of connection to the Ethereum ecosystem.
ETH, ENS, LDO on the rebound
Perhaps the biggest news in the crypto industry today came from ConsenSys, the company announcement on X that the United States Securities and Exchange Commission informed it “that it is closing its investigation into Ethereum 2.0.” The development, which ConsenSys called a “major win for Ethereum developers,” resulted in immediate gains for most ETH-linked tokens.
The native Lido DAO coin climbed more than 15% on a daily scale to just over $2.3. ENS climbed 13.5% and is now trading above $26.
ETH is also slightly in the green but more modestly. The second-largest crypto has surged about 3% per day and stands near $3,550.
Other larger-cap alternative assets with notable increases today include PEPE (8%), HBAR (5%), FET (8.5%), RNDR (8%), ADA (3%), LINK (4%), UNI (5%), and MATIC (3.5%).
On the other hand, TON fell by 6% in the last 24 hours and is now below the $6.9 mark.
Cryptocurrency market overview. Source: QuantifyCrypto
BTC bounces above $65,000
Perhaps powered by the increasing outputs compared to US-based spot Bitcoin ETFs, the price of the underlying asset has lost a lot of traction since last week, where it climbed to $70,000 several times.
His inability to overcome this psychological resistance resulted in immediate suffering for the bulls. The weekend was less volatile as BTC remained at just over $66,000 before stopping at $67,000 on Monday.
The rejections led to even more pain and bitcoin fell twice yesterday to a monthly low of $64,000. Nonetheless, it has recovered over a thousand dollars since then and now sits above $65,000.
Its market capitalization fell to $1.285 billion, while its dominance in alternative assets shrank to 51.5%.
Bitcoin/Price/Chart 06/19/2024. Source: TradingView SPECIAL OFFER (Sponsored)
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