Bitcoin and Ethereum have shown significant market activity amid regulatory developments. Bitcoin experienced volatility influenced by rumors of potential spot Ethereum ETF approvals, and Ethereum’s price reclaimed the $3,900 level following the actual approval of these ETFs.

Key Information on Bitcoin and Ethereum Market Activity

Bitcoin’s price has been consolidating between $68,000 and $69,000, with significant volatility last week.
Rumors of the U.S. SEC’s potential approval of spot Ethereum ETFs influenced Bitcoin’s price surge to nearly $72,000.
Ethereum’s price reclaimed the $3,900 level following the approval of spot ETH ETFs in the U.S.
The total crypto market cap remains just over $2.7 trillion, with mixed performances among altcoins.
U.S. markets will be closed on Monday for Memorial Day, leading to expected low volatility for crypto assets.

Bitcoin and Ethereum Show Significant Market Activity Amid Regulatory Development

Bitcoin and Ethereum have shown significant market activity recently.

Bitcoin’s price has entered a consolidation phase, ranging between $68,000 and $69,000.

Last week, Bitcoin experienced significant volatility.

This was influenced by rumors of the U.S. Securities and Exchange Commission’s potential approval of spot Ethereum ETFs.

Bitcoin’s price surged by $5,000 last Monday.

It reached a multi-week peak of nearly $72,000.

However, it retraced to $66,250 before recovering to $69,500 by Saturday.

It has stabilized at around $69,000 for the past 36-48 hours.

Bitcoin’s market cap has decreased to $1.350 trillion.

Its market dominance has fallen below 50% for the first time in months.

Ethereum’s Market Activity

Ethereum’s price has reclaimed the $3,900 level.

This followed the approval of spot ETH ETFs in the United States.

Ethereum surged by 3.5%.

Altcoins have shown mixed performances.

PEPE became the biggest gainer on a weekly scale with a 13% surge.

FLOKI and BONK each gained around 13%.

DOGE, XRP, TRX, AVAX, NEAR, and BCH are slightly in the red.

The total crypto market cap remains just over $2.7 trillion.

Crypto markets remained relatively inactive over the weekend.

They maintained gains from last week following the spot Ethereum ETF approvals.

U.S. Market and Economic Data

U.S. markets will be closed on Monday for Memorial Day.

This leads to expected low volatility for crypto assets.

Key economic data will be released this week.

Consumer confidence data will be released on Tuesday.

The Q1 2024 GDP Growth Annualized report will be released on Thursday.

The U.S. Bureau of Economic Analysis estimates the economy has slowed to an annualized growth of 1.5%.

April’s Core Personal Consumption Expenditures (PCE) report will be released on Friday.

This report indicates the average amount of money consumers spend monthly.

It can impact Federal Reserve monetary policy decisions.

There will be a total of ten speeches from Federal Reserve officials this week.

Other Crypto News

In other news, presidential candidate Donald Trump expressed support for the crypto industry over the weekend.

He stated he would support the future of crypto in America if elected.

Despite Trump’s comments, the crypto markets remained around the $2.7 trillion market cap level over the weekend.

Toncoin (TON), the native token of The Open Network blockchain, has become one of the most popular Layer 1 cryptocurrencies.

It has outperformed Bitcoin by 118% since the beginning of 2024.

U.S. traders appear to be bullish on TON.

European traders are more bearish.

Despite initial regulatory challenges from the U.S. SEC, TON has expanded its ecosystem.

It has increased engagement by attracting developers and users.

In April, Telegram integrated TON into its platform.

This allows advertisers to pay with TON and enables crypto payouts for content creators.

This integration created a new crypto-powered advertising ecosystem within Telegram.

TON’s ecosystem partnered with HashKey Group.

This partnership aims to enhance crypto and fiat on- and off-ramping for Asia-Pacific users of Telegram’s wallet service.

Additionally, Tether announced the launch of USDT and XAUT tokens on The Open Network.

This targets Telegram’s 900 million user base.

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Facts attribution

This section links each of the article’s facts back to its original source.

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– Bitcoin experienced significant volatility last week, influenced by rumors of the US SEC’s potential approval of spot Ethereum ETFs.
– Bitcoin’s price surged by $5,000 last Monday, reaching a multi-week peak of nearly $72,000.
– Bitcoin’s price retraced in the following days, dropping to $66,250 before recovering.
– Bitcoin’s price bounced back to $69,500 by Saturday but did not surpass the $70,000 mark.
– Bitcoin has stabilized around $69,000 for the past 36-48 hours.
– Bitcoin’s market cap has decreased to $1.350 trillion.
– Bitcoin’s market dominance has fallen below 50% for the first time in months.
– PEPE has become the biggest gainer on a weekly scale, with a 13% surge in the past 24 hours, reaching an all-time high of just over $0.000017.
– JASMY has outperformed PEPE on a 24-hour scale.
– FLOKI and BONK have each gained around 13%.
– Ethereum has surged by 3.5%, trading above $3,900.
– DOGE, XRP, TRX, AVAX, NEAR, and BCH are slightly in the red.
– The total crypto market cap remains just over $2.7 trillion.

cryptopotato.com
– Bitcoin’s price has entered a consolidation phase, ranging between $68,000 and $69,000. – Ethereum’s price has reclaimed the $3,900 level following the approval of spot ETH ETFs in the United States.

cryptopotato.com
– Crypto markets remained relatively inactive over the weekend. – Gains from last week were maintained following spot Ethereum exchange-traded fund approvals in the U.S. – More economic data will be released this week, including consumer confidence and gross domestic product indicators. – U.S. markets will be closed on Monday for Memorial Day, leading to expected low volatility for crypto assets. – Consumer confidence data will be released on Tuesday. – Consumer confidence improved slightly in May compared to the previous month. – Better-than-expected weekly jobless claims and manufacturing and services PMIs were reported last week. – The Q1 2024 GDP Growth Annualized report will be released on Thursday. – The U.S. Bureau of Economic Analysis estimates the economy has slowed to an annualized growth of 1.5%, slightly lower than initial estimates. – Key events this week include: 1. Memorial Day, Markets Closed – Monday 2. CB Consumer Confidence data – Tuesday 3. Q1 2024 GDP data – Thursday 4. April PCE Inflation data – Friday 5. Chicago PMI data – Friday 6. Total of 10 Fed speaker events this week – April’s Core Personal Consumption Expenditures (PCE) report will be released on Friday – The PCE report indicates the average amount of money consumers spend monthly. – Federal Reserve FOMC policymakers use the PCE data as their primary inflation gauge. – A related Personal Income and Personal Spending report for April is also due on Friday. – The Personal Income and Personal Spending report reflects the total value of personal income and consumer purchases of goods and services. – Consumer spending is a significant driver of economic growth. – These reports can impact Federal Reserve monetary policy decisions. – There will be a total of ten speeches from Federal Reserve officials this week. – Earnings reports to watch this week include Costco, Salesforce, and HP. – Presidential candidate Donald Trump expressed support for the crypto industry over the weekend. – Trump stated he would support the future of crypto in America if elected. – Despite Trump’s comments, crypto markets remained around the $2.7 trillion market cap level over the weekend. – The Monday morning Asian trading session was muted. – Bitcoin slipped slightly and was just below $69,000 at the time of writing. – Ethereum prices gained 4% on the day to reach $3,900 after the ETF approvals. – Altcoins remained largely mixed.

cryptopotato.com

– Crypto markets remained relatively inactive over the weekend.
– Gains from last week were maintained following spot Ethereum exchange-traded fund approvals in the U.S.
– More economic data will be released this week, including consumer confidence and gross domestic product indicators.
– U.S. markets will be closed on Monday for Memorial Day, leading to expected low volatility for crypto assets.
– Consumer confidence data will be released on Tuesday.
– Consumer confidence improved slightly in May compared to the previous month.
– Better-than-expected weekly jobless claims and manufacturing and services PMIs were reported last week.
– The Q1 2024 GDP Growth Annualized report will be released on Thursday.
– The U.S. Bureau of Economic Analysis estimates the economy has slowed to an annualized growth of 1.5%, slightly lower than initial estimates.
– Key events this week include:
1. Memorial Day, Markets Closed – Monday
2. CB Consumer Confidence data – Tuesday
3. Q1 2024 GDP data – Thursday
4. April PCE Inflation data – Friday
5. Chicago PMI data – Friday
6. Total of 10 Fed speaker events this week
– April’s Core Personal Consumption Expenditures (PCE) report will be released on Friday
– The PCE report indicates the average amount of money consumers spend monthly.
– Federal Reserve FOMC policymakers use the PCE data as their primary inflation gauge.
– A related Personal Income and Personal Spending report for April is also due on Friday.
– The Personal Income and Personal Spending report reflects the total value of personal income and consumer purchases of goods and services.
– Consumer spending is a significant driver of economic growth.
– These reports can impact Federal Reserve monetary policy decisions.
– There will be a total of ten speeches from Federal Reserve officials this week.
– Earnings reports to watch this week include Costco, Salesforce, and HP.
– Presidential candidate Donald Trump expressed support for the crypto industry over the weekend.
– Trump stated he would support the future of crypto in America if elected.
– Despite Trump’s comments, crypto markets remained around the $2.7 trillion market cap level over the weekend.
– The Monday morning Asian trading session was muted.
– Bitcoin slipped slightly and was just below $69,000 at the time of writing.
– Ethereum prices gained 4% on the day to reach $3,900 after the ETF approvals.
– Altcoins remained largely mixed.

cryptopotato.com
– Toncoin (TON) is the native token of The Open Network blockchain. – TON has become one of the most popular Layer 1 cryptocurrencies. – Since the beginning of 2024, TON’s price has outperformed Bitcoin by 118%, according to CryptoQuant. – US traders appear to be bullish on TON, while European traders are more bearish. – CryptoQuant’s analysis shows significant positive price changes for TON during the US trading session. – European trading sessions have shown multiple instances of negative price changes for TON. – Asian session traders show both positive and negative price movements, aligning with past trends. – TON faced initial regulatory challenges from the US Securities and Exchange Commission (SEC). – Despite regulatory hurdles, TON has expanded its ecosystem and increased engagement by attracting developers and users. – Notcoin (NOT) is a new project on the TON blockchain designed to introduce users to Web3. – Notcoin has issued its token on The Open Network blockchain and airdropped over 80 billion NOT tokens to participants. – In April, Telegram integrated TON into its platform, allowing advertisers to pay with TON and enabling crypto payouts for content creators. – This integration created a new crypto-powered advertising ecosystem within Telegram. – TON ecosystem partnered with HashKey Group to enhance crypto and fiat on- and off-ramping for Asia-Pacific users of Telegram’s wallet service. – Tether announced the launch of USDT and XAUT tokens on The Open Network, targeting Telegram’s 900 million user base.

cryptopotato.com

– Toncoin (TON) is the native token of The Open Network blockchain.
– TON has become one of the most popular Layer 1 cryptocurrencies.
– Since the beginning of 2024, TON’s price has outperformed Bitcoin by 118%, according to CryptoQuant.
– US traders appear to be bullish on TON, while European traders are more bearish.
– CryptoQuant’s analysis shows significant positive price changes for TON during the US trading session.
– European trading sessions have shown multiple instances of negative price changes for TON.
– Asian session traders show both positive and negative price movements, aligning with past trends.
– TON faced initial regulatory challenges from the US Securities and Exchange Commission (SEC).
– Despite regulatory hurdles, TON has expanded its ecosystem and increased engagement by attracting developers and users.
– Notcoin (NOT) is a new project on the TON blockchain designed to introduce users to Web3.
– Notcoin has issued its token on The Open Network blockchain and airdropped over 80 billion NOT tokens to participants.
– In April, Telegram integrated TON into its platform, allowing advertisers to pay with TON and enabling crypto payouts for content creators.
– This integration created a new crypto-powered advertising ecosystem within Telegram.
– TON ecosystem partnered with HashKey Group to enhance crypto and fiat on- and off-ramping for Asia-Pacific users of Telegram’s wallet service.
– Tether announced the launch of USDT and XAUT tokens on The Open Network, targeting Telegram’s 900 million user base.

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Bitcoin and Ethereum Market Activity Amid Regulatory News

Key Information on Bitcoin and Ethereum Market Activity