Hassan Maishera
TL;DR
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Bitcoin continues to stay above $30k, up by nearly 1% in the last 24 hours.
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The positive performance comes despite the SEC’s ETF comment.
SEC Says ETF Applications Aren't Good Enough
Bitcoin, the world’s leading cryptocurrency by market cap, continues to trade above the $30k level despite recent market events.
BTC has maintained its price above the $30k level for more than a week now, with bulls still optimistic about the market performance.
At press time, Bitcoin stands at $30,646, up by less than 1% in the last 24 hours. The positive performance comes despite the United States Securities and Exchange Commission (SEC) recently commenting that the exchange-traded fund (ETF) applications aren’t enough.
Despite the SEC’s comment, some companies have refiled their spot Bitcoin ETF applications, naming Coinbase as their market surveillance partner.
Bitcoin Cash has been the best performer amongst the top 20 cryptocurrencies by market cap over the last week. BCH rallied to a new yearly high of $320 over the weekend before slightly retracing to now trade at around $294 per coin.
BCH has added more than 50% to its value over the last seven days and now occupies 14th place in the market, overtaking Avalanche, Shiba Inu, Toncoin, and Wrapped Bitcoin in the process.
The broader cryptocurrency market also performed well over the weekend. The total cryptocurrency market cap now stands at $1.21 trillion, up by more than 1% in the last 24 hours.
