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%
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Cryptocurrency Price on May 9: Bitcoin below $61 8K; Cardano, Toncoin surge up to 4%
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
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.