Bitcoin fell on Thursday, but other cryptocurrencies were mixed, still lacking momentum following a price surge earlier this year.
Bitcoin fell 1.8% in the past 24 hours to $61,227. Bitcoin, the largest cryptocurrency, hit an all-time high of nearly $74,000 in mid-March following increased interest from new spot Bitcoin exchange-traded funds (ETFs), but prices have fallen since then. are doing.
Beyond…
Bitcoin fell on Thursday, but other cryptocurrencies were mixed, still lacking momentum following a price surge earlier this year.
Bitcoin
It fell 1.8% in the past 24 hours to $61,227. The largest cryptocurrency, Bitcoin, hit an all-time high of nearly $74,000 in mid-March following increased interest from new spot Bitcoin exchange-traded funds (ETFs), but prices have fallen since then. are doing.
Beyond Bitcoin
ether
The second-largest cryptocurrency fell 0.8% to $2,980. The Securities and Exchange Commission is expected to make a final decision on the EtherSpot ETF this month. However, optimism about the approval of the Bitcoin ETF that drove Bitcoin to all-time highs has muted.
“Market participants expect that despite approving BTC ETFs in January, the SEC is likely to withhold approval for these products. “Concerns, along with the SEC's historical classification of securities, contribute to skepticism over expedited approvals,” Matteo Greco, research analyst at Finekia International, said in a research note this week. .
Smaller cryptocurrencies, or altcoins, were in the mix on Thursday.
cardano
3% increase;
polygon
While it rose by 0.6%,
dogecoin
It fell 1.5%.
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Email Adam Clark at adam.clark@barrons.com.
