The cryptocurrency market rebounded tentatively on Friday morning, with major digital assets trading in the green. Bitcoin made a partial recovery from Wednesday’s low and the prices topped $43,000 — up nearly 160% from a year ago.
The positive sentiment could be largely explained by the growing excitement that the US Securities and Exchange Commission (SEC) will soon give its blessing to spot Bitcoin exchange-traded funds (ETFs).
CoinGape reported Thursday that the SEC held discussions with officials from major security exchanges. Furthermore, Grayscale — one of the Bitcoin ETF applicants — filed its Form 8-A with the federal regulator in hopes it would get the nod to offer shares of its Bitcoin ETF as securities.
Amid the buzz around Bitcoin ETFs, the BTC price went up 1% over the last 24 hours to $43,632. The market cap of Bitcoin rose to $854.7 billion while trading volumes jumped 42% to $34.68 billion over the last 24 hours.
Ethereum also gained nearly 0.46% over the last 24 hours and was trading at $2,249 at press time, with its market capitalization increasing to $270.3 billion. Trading volume stood at $11.6 billion, up 66% over the last 24 hours.
Other tokens advanced too, with Tether (USDT) — the third largest crypto — climbing 0.03% to $1, BNB up 1% to $323, and Solana (SOL) price rising 0.63% to $101.3 However, not all top 10 cryptocurrencies by market cap rose over the last 24 hours.
For instance, XRP price was down 1%, USDC price down 0.01%, Cardano (ADA) price off 1.5% and AVAX off 0.18%. Popular meme coins — Dogecoin and Shiba Inu — gained over the last 24 hours, having appreciated by 0.7% and 2%, respectively.
The global crypto market rose over 1% to $1.66 trillion The fear and greed index level stood at 70, closer to greed.
Top 3 Cryptos For Today
Pepe Coin Price Drops
The price of Pepe Coin was down more than 0.2% over the last 24 hours to $0.000001213, with its market cap standing at $508.6 million. Its trading volume over the last 24 hours went down 50% to $92.8 million.
Aptos (APT) Price Rallies Nearly 16%
The Aptos blockchain’s native token APT rallied nearly 14% over the last 24 hours. The altcoin last changed hands at $10.49, with its market cap zooming to $3.2 billion. Trading volumes over the last 24 hours rose a staggering 118% to $706.5 million.
Arbitrum (ARB) Trading in Red
The price of Arbitrum was down 3.9% over the last 24 hours to $1.91. At press time, its market cap stood at $2.43 billion while trading volumes over the last 24 hours crashed 50% to $1.6 billion.
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