Cryptocurrency market today May 25
The cryptocurrency market today, May 25, is simultaneously reversing. Bitcoin today experienced fluctuations and returned to $69,000.
Altcoins are also back in the green today. Total cryptocurrency market Capital today recovered $60 billion on CoinGecko .
BTC returns to 69,000 USD
The price of the main cryptocurrency is also affected by Ethereum ETF news. BTC rose from $67,000 to a multi-week high of $72,000 on Monday. It then fell sharply in the following days.
The most significant price drop occurred on Thursday. Hours before the US SEC announced its decision and brought BTC below $66,500. However then the asset started to increase in price last night.
This culminated in the price skyrocketing to over $69,200 amid positive Capital into spot ETFs. However, the bears have picked up the pace at this point and are not allowing further gains. As of now, bitcoin trades just under $69,000.
Its market Capital has increased to $1.350 trillion. Its dominance over other coins remains at 50.2%.
PEPE hits new ATH, UNI Skyrockets
The most important news in the crypto industry this week comes from the US Securities and Exchange Commission and largely affects ETH. The regulator approved eight Ethereum spot ETFs on Thursday, which, along with the hype surrounding the news, fueled a major rally for the underlying asset. ETH rose from $3,100 on Monday to over $3,900 midweek before falling slightly to its current position of $3,750.
Several other altcoins recorded significant gains during the week and PEPE emerged as one of them. The popular meme coin exploded another 12% in the past day and charted another All-Time-High of $0.00001538 hours ago.
Uniswap 's native token is another incredible gainer today. UNI is up 20% and now trades at nearly $11. XRP, Doge, TON, SHIB, DOT, IMX and NEAR are also in good green.
The post Tracking cryptocurrency market movements today, May 25, appeared first on CoinPlus .
