Good news, the ETF hype seems to be over! 🎉 Bitcoin remains stable below $43,000, while most altcoins saw slight declines in the last 24 hours. The crypto market seems to be calm after last week's huge volatility.
Regarding ETFs, there was a bit of drama with hacked SEC accounts and controversial comments from Chairman Gary Gensler. However, Bitcoin briefly surged past $49,000 when the ETF started trading, before dropping again.
Now, BTC looks sluggish and failed to generate any major moves. What do you think, is this a good or bad sign? Come on, discuss it in the comments column! 😄
Meanwhile, altcoins such as BNB, XRP, ADA, AVAX, DOGE, DOT, TRX, TON, and MATIC are slightly in the red. ETH and SOL recorded insignificant gains. Chainlink (LINK) stood out with over 5% gains and trading above $16.
The total crypto market cap remains under $1.7 trillion. Hopefully the market continues to stabilize and we can see price increases again, okay? 🚀