Crypto News

ETH Price Drops After SEC Approves Bitcoin ETF The cryptocurrency market has been buzzing with news of the Securities and Exchange Commission's (SEC) recent approval of a Bitcoin ETF. However, while many expected this news to have a positive impact on the entire market, the reaction has been quite the opposite for Ethereum (ETH). ETH Tumbles as Bitcoin Steals the Limelight As soon as the SEC's decision was announced, Bitcoin (BTC) saw a sudden spike in price, breaking through the $60,000 mark. This caused a ripple effect in the market, with other cryptocurrencies also experiencing a surge in value. However, this was not the case for Ethereum. ETH Struggles to Keep Up With BTC's Dominance Instead of following Bitcoin's lead, ETH saw a significant drop in price, falling by over 5% within minutes of the SEC's approval. This is due to the fact that Bitcoin has been dominating the market for the past few weeks, with many investors choosing to focus solely on BTC i...