Ethereum

Bitcoin

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/sec-decision-impacts-ethereum-and-bitcoin-prices/" data-wpel-link="internal">SEC Decision Impacts Ethereum and Bitcoin Prices</a><br></p>
<p style="text-align: justify">The highly anticipated date of May 23 for the spot <a href="https://en.coin-turk.com/ethereums-performance-amid-secs-lawsuit-against-binance-what-to-expect/" data-wpel-link="internal">Ethereum</a> ETF, which caused a global turn towards cryptocurrencies, arrived on Monday. The market experienced intense moments before the SEC’s response to VanEck’s application, which was expected on May 23.</p> 
<h2 style="text-align: justify" id="what-is-the-current-price-of-ethereum">What is the Current Price of Ethereum?</h2> 
<p style="text-align: justify">As the decision on the spot Ethereum ETF approval was awaited, all eyes were on ETH and other cryptocurrencies. An incredible event occurred moments ago. ETH plummeted from its $3,800 level to $3,500 after an 8% drop.</p> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-355064" src="https://coin-turk.com/wp-content/uploads/2024/05/eth-etf-onayi-beklentisi-coin-turk-com.png" alt="" width="2433" height="1145"></p> 
<p style="text-align: justify">Although there was some recovery afterward, the price could only rise to $3,680. While there is no certainty about the decision, all eyes seem to be on the <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> from the SEC. This sudden drop is believed to have caused significant losses for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> with long positions. Many investors with isolated margin positions are thought to have been liquidated.</p> 
<p style="text-align: justify">During this period, Ethereum’s market cap fell below $350 billion. The trading volume, influenced by the sharp sales, increased by 44% to $36 billion. All eyes are currently on the SEC’s decision.</p> 
<h2 style="text-align: justify" id="what-is-the-current-price-of-bitcoin">What is the Current Price of Bitcoin?</h2> 
<p style="text-align: justify">A similar drop occurred in Bitcoin’s price as well. Bitcoin fell by over 4% within minutes, dropping to $66,600. Following this drop, the market cap fell to $1.32 trillion.</p> 
<p style="text-align: justify">Additionally, the 24-hour trading volume increased by 16% to over $37 billion, similar to Ethereum, indicating heavy selling. This drop might be related to the excitement surrounding the SEC’s impending decision, as discussed within the cryptocurrency community.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/sec-decision-impacts-ethereum-and-bitcoin-prices/" data-wpel-link="internal">SEC Decision Impacts Ethereum and Bitcoin Prices</a></h5>

SEC Decision Impacts Ethereum and Bitcoin Prices

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