performance. Bitcoin saw a 1.4% decrease against the US dollar in the early European trading sessions.
This decline comes after a robust Saturday and an upbeat Sunday, during which the leading cryptocurrency experienced approximately a 2% rise against the dollar.
As of this writing, the BTC/USD pair is trading just over the $51,000 mark, representing a 2.3% drop from the previous week.
However, Monday’s trading sessions have been less dynamic for the ETH/USD pair, though it has remained steadily above the $3,000 level, finding substantial buying support around the $3,050 area according to Binance’s order book.
Coinbase Global Inc (NASDAQ: COIN), a major player listed on Nasdaq, has recently expressed support for Grayscale’s ambitions to launch an Ethereum ETF, in a letter to the US Securities and Exchange Commission.
Coinbase argues that the SEC should greenlight Ethereum ETFs for reasons similar to those for approving Bitcoin ETFs.
Yet, the SEC has not shown any signs of moving forward with Grayscale’s Ethereum ETF proposals.
In the broader altcoin market, Binance’s BNB token has shown notable growth, increasing by 9.5% over the week, while the decentralized finance (DeFi) token Uniswap (UNI) has seen an impressive nearly 40% rise.
The global cryptocurrency market capitalization currently stands at $1.97 trillion, with Bitcoin’s market dominance at 52.3%.
The Bitcoin price is $51,098.43, a change of -1.08% over the past 24 hours as of 11:45 a.m
