Bitcoin Dips, Then Bounces After ETF Approval While Ethereum Tops $2,500

The United States Securities and Exchange Commission (SEC) officially approved the trading of spot Bitcoin exchange-traded funds (ETFs) Wednesday, as expected—but the price of Bitcoin itself has been choppy since, though it’s currently sitting about where it was when the news hit.

Bitcoin is currently trading for $45,814 according to CoinGecko. It was around $45,840 when the news leaked via an order on the SEC website that was posted and then removed, and the price jumped as high as $46,263 soon after. It’s mostly down since, however, albeit not significantly.

Ethereum, on the other hand, rose above $2,500 for the first time since May 2022 on Wednesday afternoon, and has continued climbing while Bitcoin pops up and down. Ethereum is currently trading for about $2,550, up about 11% over the past day.

This story is developing and will be updated with additional information.

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Source: https://decrypt.co/212368/bitcoin-dips-then-bounces-after-etf-approval-while-ethereum-tops-2500