The crypto prices today have regained momentum, as evidenced by the upward trend noted in the broader market. Meanwhile, several experts believe the recent rally could be due to speculations over Bitcoin Spot ETF approval in the United States.
According to market watchers, investors are regaining confidence in the market while putting their bets on the riskier assets, with optimism spurred by the Bitcoin Spot ETF news. Notably, Bloomberg’s ETF analyst James Seyffart reports that BlackRock has engaged with SEC officials regarding its spot Bitcoin ETF application.
In addition, Grayscale has had discussions with the SEC and disclosed a Transfer Agency and Service Agreement with BNY Mellon for its spot Bitcoin ETF. So, these interactions seem to have fuelled investor optimism for the approval of a spot Bitcoin ETF.
Meanwhile, among individual crypto prices, the Bitcoin price was up 2.57% to $37,319.01 over the last 24 hours, while its one-day trading volume plunged 17.72% to $22.37 billion. Notably, the recent surge from yesterday has helped the crypto to add nearly 22% in its price over the last 30 days.
In addition, the second largest crypto by market cap, the Ethereum price noted gains of 3.91% to $2,059.85 during writing, and its trading volume plummeted 11.67% to $12.64 billion. Simultaneously, the XRP price soared 2.62% to $0.6094 during writing, and its trading volume over the last 24 hours slipped 23.35% to $1.29 billion.
Among other major cryptos, the Solana price was up 6.88% to $57.81 during writing on November 23, while the Cardano price added 3.01% from yesterday to $0.3811. In contrast, the trading volume of the former crypto fell 24.98% to $1.88 billion, while the latter noted a slump of 35.22% to $287.18 million.
Meanwhile, the meme coins also witnessed significant gains on Thursday, as seen by the momentum in the segment. For instance, the Dogecoin price surged 2.55% to $0.07603 during writing, and its volume fell 52.93% to $398.56 million, while the Shiba Inu price gained 1.85% to $0.000008144 at the same time.
The positive momentum and increasing confidence of the investors have bolstered gains in the broader crypto market as well on Thursday, November 23. The global crypto market cap jumped 2.78% to $1.42 trillion, and its trading volume from yesterday 18.34% to $56.37 billion.
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The Top 4 Cryptos For Today Are
Pepe coin Soars 4%
The Pepe coin price was up 3.86% and traded at $0.000001118, reflecting the positive sentiment witnessed in the meme coin segment, as well as in the broader crypto market. However, the trading volume of the meme coin plunged 33.58% over the last 24 hours to $68.92 million.
FTX Token (FTT) Adds 27%
The FTX Token was among the top percentage gainers on Thursday, as witnessed by its price surge. The FTX Token price added 26.90% to trade at $4.50, with its trading volume from yesterday rising 50.10% to $361.30 million. Meanwhile, with today’s gains, its price was up 22% over the last seven days.
Blur (BLUR) Gains 27%
Another top percentage mover on November 23, the Blur price advanced 27.52% to $0.4886 as of writing, while its trading volume jumped 82% to $812.41 million over the last 24 hours. The crypto has gained significant traction from investors lately, as witnessed by a surge of over 36% in its price over the last seven days.
Uniswap (UNI) Jumps 18%
The Uniswap price added 17.67% and exchanged hands at $6.20 on Thursday, while its trading volume skyrocketed 101% to $441.24 million over the last 24 hours. Meanwhile, the recent gains could associated with Uniswap’s latest announcement of Uniswap v4, which aims to reduce gas fees for swaps and pool creation.
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This news is republished from another source.
