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The cryptocurrency market is mostly rising.
According to Token Post Market, as of 8:15 a.m. on the 20th, Bitcoin is trading at $37,361 (about KRW 46.88 million), down 2.23% from the previous day.
Ethereum, second in market capitalization, also recorded $1998.88 (about KRW 2.59 million), down 2.05% from the previous day.
Most of the top altcoins are rising. BNB 0.61% ▲ XRP 2.53% ▲ Solana (SOL) 5.38% ▲ Cardano (ADA) 1.34% ▲ Dogecoin (DOGE) 0.82% ▼
Publish’s News Token is trading at 0.9940 won, down 0.45% from the previous day.
The cryptocurrency market capitalization recorded approximately $1.4158 trillion (approximately KRW 1,835 trillion).
Last week, an ETF expert revealed that the U.S. Securities and Exchange Commission (SEC) and cryptocurrency exchanges are negotiating ETF applications. Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, said on Twitter ( It advised that it wanted to provide a redemption method (in kind) and requested a revision within a few weeks.
“It shows that things are moving forward,” said James Seipart, another Bloomberg Intelligence ETF analyst. “It doesn’t change our prediction that there is a 90% chance that a Bitcoin spot ETF will be approved this year.”
This week, the market is waiting for price indicators such as the Federal Open Market Committee (FOMC) and the Manufacturing and Service Purchasing Managers' Index PMI to be released on the 21st (local time). Additionally, American Thanksgiving is scheduled for Thursday. There are predictions that trading volume may decrease on trading days before and after the same day.
The digital asset fear-greed index provided by UBCI recorded 61.92 as of the 20th, showing the 'greed' stage.
