Monday Crypto Market Roundup.

Good morning. The big news is that a number of spot ETH ETF's were approved by the SEC late last week which allows institutional investors to easily invest in Ethereum without buying and holding it themselves. 

Whilst the crypto market didn't have a major rally as many had expected, these funds wont be actively trading for a few months yet and it is only a matter of time before billions flow into Bitcoin and altcoins in the near future. 

So now is the calm before the storm where the altcoin market is primed to make it's first major move since Bitcoins halving. 

Let me give you a quick round-up of the crypto market. 

Bitcoin Price - $68,573 Up 2.6% over the past 7 days.

Ethereum Price - $3,911 Up 25.9% over the past 7 days

Bitcoin Analysis.

Bitcoin has mainly stayed in a flat pattern over the past 7 days with a range high of $71,464 and a range low of $66,769.

However, Bitcoin is up 2.6% over the past 7 days but the general overall trend for Bitcoin is to trade between the $70,000 to $60,000 range for the time being. 

Altcoin Market Update

With the SEC approving a number of ETH ETF's last week, Ethereum rallied strongly leading up to the approval and was one of the strongest performing altcoins of the week. 

The overall altcoin market has been mainly in a flat pattern for the week however, momentum is building and it looks like investors will be coming back into the altcoin market over the next few weeks which means a major altcoin rally could happen soon. 

Crypto Coin To Watch

With crypto AI tokens set to be the best performing tokens of the bull run this weeks coin to watch is RNDR. 

RNDR is the token of the Render network and it is set to be one of the best performing high quality altcoins this bull run so it is definitely an altcoin to keep an eye on. 

Here are the RNDR tokens key statistics:

Current Price - $10.13

Market Cap - $3.93 Billion

Token Price 7 Day Trend - Neutral.

Top 3 Crypto Gainers

Below are the top 3 crypto gainers over the past 7 days - 

1)XOR - $0.000094 Up $388.4%

2)TURBO - $0.0063 Up 386.2%

3)ANDY - $0.00015 Up 240.9%

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I hope you enjoyed today's crypto update and I'll update you again in the week.