The cryptocurrency market displayed mixed but generally positive movement today, with Bitcoin (BTC) stabilizing above the $68,000 resistance level following a volatile overnight session. BTC posted modest gains of 1.2%, fueled by strong accumulation signals from institutional wallets.
Ethereum (ETH) was the standout performer among majors, surging past the $3,800 mark—a 4.5% rise—as anticipation builds around crucial regulatory deadlines for spot ETH Exchange Traded Funds (ETFs) next week. Analysts suggest that even a partial positive signal from regulators could trigger a significant upward trend.
On the regulatory front, the U.S. Securities and Exchange Commission (SEC) announced delays in reviewing two minor altcoin ETF applications, maintaining its cautious stance. However, attention quickly shifted to Europe, where Germany’s largest federal bank confirmed plans to offer digital asset custody services to institutional clients, highlighting continuing mainstream adoption outside of the U.S.
In the decentralized finance (DeFi) sector, the Solana (SOL) ecosystem dominated headlines after a major protocol, lending platform ‘AquaFinance’, completed a massive network upgrade aimed at improving scalability and reducing transaction latency. SOL itself saw a corresponding price increase of 3%.
Overall market sentiment remains cautiously optimistic as liquidity providers return to the market, pushing the total crypto market capitalization closer to the $2.6 trillion mark.
Source: Here’s what happened in crypto today
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