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Cryptocurrency Price on May 21: Bitcoin jumps above $71k amid inflows in spot BTC ETFs; Ethereum, Avalanche rally up to 19%

During Tuesday s trading session, Bitcoin saw a significant surge of over 6%, reaching $71,178. This surge was driven by increased buying activity and renewed capital inflows into spot BTC ETFs.

Ethereum skyrockets 22% amid speculation of ether ETFs approval

This upward movement propelled Ethereum s market cap to $453.2 billion. The surge in the cryptocurrency comes amid speculation about the outcome of applications for US spot exchange-traded funds tracking the world s second-biggest cryptocurrency. The rise can also be attributed to rumours suggesting that the Securities and Futures Commission could approve these products. Over the past seven days, Ethereum has experienced a significant increase in value, rising by 32%.

Cryptocurrency Price on May 14: Bitcoin rises above $62.4k; Solana, Shiba Inu jump up to 7%

Cryptocurrency Price on May 9: Bitcoin below $61.8K; Cardano, Toncoin surge up to 4%

Cryptocurrency Price on May 7: Bitcoin falls below $63,700; Shiba Inu, Dogecoin tank 5%

As of 12:14 p.m., Bitcoin was trading 1% lower at $63,649, while Ethereum experienced a 3.5% drop to $3,068. Additionally, altcoins like BNB (-1.1%), Dogecoin (-4.9%), Toncoin (2.6%), Cardano (3.3%), Avalanche (-3.1%), and Shiba Inu (-5.2%) followed suit in the downward trend.