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Bitcoin (BTC) price’s bullish breakout appears to be losing steam, with the sentiment spreading across the market and leaving Ethereum (ETH) and altcoins in general susceptible to a crash.
Ethereum’s largest scaling solution’s native token, MATIC, observed a slight decline in its price, hitting a two-day low of $0.9602 on Tuesday.
Securities and Exchange Commission’s (SEC) approval of the Spot Bitcoin ETF ushered in large volume of institutional capital into the asset and fueled gains in BTC, pushing it to a new two-year high.
Bitcoin (BTC) price continues to lead the market north, with Ethereum (ETH) and Ripple (XRP) prices following the intermediate trend.
Crypto rally continues unabated with market capitalization jumping to $1.95 trillion and Bitcoin rising above the $52.5k level..