Crypto markets have experienced a slight decline after a strong rally at the beginning of the week, fueled by optimism surrounding the potential approval of a Bitcoin ETF in the near future.
In the past 24 hours, Bitcoin has dropped by 3%, while ETH is trading 3.5% lower at $1,800. This consolidation follows Bitcoin’s surge to a 17-month high of $35,900 on November 1, just one day after the cryptocurrency celebrated its 15th anniversary.
BTC Price Action
Meanwhile, the GBTC discount, which represents the difference between the value of a GBTC share and the value of Bitcoin supporting it, continues to narrow as investors anticipate the conversion of Grayscale’s closed-ended fund into an ETF.
GBTC Discount chart
Solana’s SOL has experienced a 9% decline today, but it remains 20% higher over the past week due to positive developments at the ongoing Breakpoint developer conference.
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Most of the top 100 digital assets by market capitalization have seen a decrease in value over the past day, with the exception of CRO, the token of the Crypto.com exchange, and MNT, the network token of an Ethereum…
2023-11-02 22:23:34
Link from finance.yahoo.com
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