Market News: Bitcoin and Ethereum Experience Price Gains

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Market News: Bitcoin and Ethereum Experience Price Gains
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Bitcoin has seen slight gains in the past 12 hours, at 12: 00 AM ET (04:00 GMT) , Bitcoin moved by 1.8% to land at $6,569.2. Investors have long been anticipating an upsurge above the $6,400 mark for months now, but upon the big bulls delivery, it has fallen a little back to $6,521.88 according to data from coinmarketcap, just a little above its previous standpoint. With a market volume of $4.97 billion, Bitcoin has since totaled a 1.53% change in price to sit at $6529.52 as of this writing.

Amidst Bitcoin’s gains, the U.S security exchange commission, (SEC) has ceased public comments on whether or not Bitcoin ETFs should be approved, and has since not disclosed any specific for the inception of the funds.

The SEC has previously reported ;
Accordingly, it is ordered, pursuant to the Commission Rule of Practice 431, that by November 5, 2018, any party or other person may file a statement in support of, or in opposition to, the action made pursuant to delegated authority.

Ethereum also followed suit, moving way up with a lot more swiftness than Bitcoin, jumping from 5.9% to land at $221.79 at around (04:00 GMT). The token currently trades at $218.49.  Litecoin also moved slightly by 3.4 to $55.665 but is trading at $55.32 at the moment.

On the other hand, the Basic Attention (BAT) has dropped in its numbers since its listing on CoinbasePro. As of the announcement of the listing, BAT was ranked as the 29th largest cryptocurrency by coinmarketcap with a trading price of $0.316637 but was later overthrown by Lisk token which previously traded at $2.79 but is currently trading at $2.88. BAT, now at the 30th spot is trading at $0.315334.

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The views expressed in the article are wholly those of the author and do not represent those of, nor should they be attributed to, ZyCrypto. This article is not meant to give financial advice. Please carry out your own research before investing in any of the various cryptocurrencies available.