Bitcoin briefly reached $47,000 in a subdued ascent following the approval by the U.S. Securities and Exchange Commission of Bitcoin ETFs directly investing in the token. Traders are now monitoring the products to assess their financial impact. While Bitcoin gains stay limited, Ethereum (ETH) and other altcoins have registered maximum gains after the ETF approval.
Ethereum Investors Cheer the ETF approval
Soon after the news of Bitcoin ETF approval, the Ethereum (ETH) price surged by a staggering shooting past $2,600 levels. Several market analysts have already predicted that ETH is likely to outperform BTC in Q1 2024.
As Ether experienced a notable surge, its positive momentum extended to other cryptocurrencies within the Ethereum ecosystem. Tokens affiliated with Polygon observed a 13% increase, Chainlink saw an 11% advance, and Uniswap registered an impressive 14% surge.
The speculation around a Bitcoin ETF becoming a reality has prompted a shift in trader focus towards Ether, antic
We współpracy z: https://coingape.com/ethereum-and-altcoins-are-the-biggest-winners-of-bitcoin-etf-approval/
