Bitcoin & Crypto Market Soar Amid Ethereum ETF Approval Rumours.

Bitcoin and the wider crypto market is soaring amid rumours that a the SEC will approve a number of Ethereum spot ETF's as soon as tomorrow.

This rumour has seen a flood of money come into Bitcoin and crypto with many crypto coins seeing double digit gains in only 24 hours.

Bitcoin has rallied strongly over the last 24 hours with gains of 4.8% and Bitcoin very near it's all-time-high of $73,737.94 which was achieved on Mar 14th 2024.

Although Bitcoin is in an historical period of accumulation, if Bitcoin gets close to its all-time-high and can gather momentum, Bitcoin could break out on a strong rally to achieve a new all-time-high should Ethereum's ETF's get approved.

Ethereum has been on a real run over the past 24hours with gains of 22.5%.

Money has flowed into the Ethereum token over the past 24 hours on rumours that spot Ethereum ETF's will be approved as investors speculate on the hype.

As for the wider crypto market, many of the smaller altcoins have benefited from this news and an in-flow of cash from investors with many altcoins seeing double digit gains over the past 24 hours.

Some of the biggest gainers over the past 24 hours have been meme coins which have been on fire over the past month.

Here are the top 3 gainers over the past 24 hours:

1) NORMIE : 83.3%

2) Higher : 71.4%

3) WOJAK : 66.8%

And with the altcoin hype cycle bottom in and investor interest rising in the altcoin market over the next 6 weeks, should an Ethereum ETF get approved, altcoins could go parabolic in the weeks ahead.

My advice is to play very close attention to the news to see if the SEC gives the green light for the Ethereum ETF applications.

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