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VisitMarket reaction following the Ethereum ETF decision
Significant surge in crypto market • 33%
Moderate increase • 33%
No significant change or decline • 34%
Cryptocurrency trading platforms and financial news websites
Bitcoin Surges to $70,000; Ethereum ETF Approval Odds Raised to 75% by May 23rd
May 20, 2024, 07:32 PM
Bitcoin has surged past $69,000, reaching as high as $70,000, marking a significant milestone in the cryptocurrency market. Meanwhile, Ethereum has also seen substantial gains, with its price exceeding $3,400 and up 7% in the past 24 hours. This surge is largely attributed to Bloomberg analysts Eric Balchunas and James Seyffart increasing the odds of a spot Ethereum ETF approval to 75%, up from 25%, based on recent SEC commentary. The potential approval of the Ethereum ETF, with a deadline on May 23rd, has led to a significant market reaction, with Ethereum's price jumping 11% and the Grayscale Ethereum Trust surging 21%. The broader cryptocurrency market is experiencing heightened activity and optimism as a result of these developments.
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Only Ethereum surges • 25%
Ethereum and Bitcoin surge • 25%
Broad market surge (multiple top cryptocurrencies) • 25%
No significant change in market • 25%
Significant Increase • 33%
Moderate Increase • 33%
No Change or Decrease • 34%
Significant increase in BTC and ETH • 25%
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Significant decrease in BTC and ETH • 25%
Significant increase in ETH price • 33%
Moderate increase or stable ETH price • 33%
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Significant increase in Ethereum's price • 25%
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Bitcoin • 33%
Ethereum • 33%
Other cryptocurrencies • 34%