Ether (ETH) witnessed a 10% surge on Monday, following stron

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Ether (ETH) witnessed a 10% surge on Monday, following strong rumors of a potential spot ETF in the US. The price of ETH jumped from $3150 to $3450 within 25 minutes, following a tweet from Bloomberg ETF analyst Eric Balchunas, suggesting a 75% chance of ETH approval this month. This comes after the US House and Senate passed H.J.Res.109, a resolution to repeal an anti-crypto banking rule established by the SEC, with bipartisan support. This indicates a shift in the political stance towards crypto, despite President Joe Biden's promise to veto the act. The news also positively impacted Bitcoin, which rose 5% to $69,850 on Monday. The crypto market has seen $226 million in liquidations within the past 24 hours, according to Coinglass. The potential approval of an ETH ETF could further catalyze the DeFi and BRC 20 markets, indicating a promising future for the blockchain industry.

Ether (ETH) witnessed a 10% surge on Monday, following strong rumors of a potential spot ETF in the US. The price of ETH jumped from $3150 to $3450 within 25 minutes, following a tweet from Bloomberg ETF analyst Eric Balchunas, suggesting a 75% chance of ETH approval this month. 
This comes after the US House and Senate passed H.J.Res.109, a resolution to repeal an anti-crypto banking rule established by the SEC, with bipartisan support. This indicates a shift in the political stance towards crypto, despite President Joe Biden's promise to veto the act. 
The news also positively impacted Bitcoin, which rose 5% to $69,850 on Monday. The crypto market has seen $226 million in liquidations within the past 24 hours, according to Coinglass. The potential approval of an ETH ETF could further catalyze the DeFi and BRC 20 markets, indicating a promising future for the blockchain industry.

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