his Week in Coins: Bitcoin and Ethereum Unmoved in Slow Market Week Also, the SEC was ordered to review its denial of crypto asset manager Grayscale’s ETF proposal.
Most of the top thirty cryptocurrencies by market capitalization posted negligible losses or gains over the last seven days.
Bitcoin (BTC) starts the weekend at $26,051, pretty much the same level it was at last week.
The world’s most popular cryptocurrency briefly surged on Tuesday after a judge representing the U.S. Court of Appeals for the D.C. Circuit ordered a review of the Securities and Exchange Commission’s (SEC) denial of crypto asset manager Grayscale’s spot Bitcoin ETF application. The Court said the SEC had failed to provide a “coherent explanation” for the denial.
Ethereum (ETH) took inconsequential seven-day losses of 0.4% and now changes hands at $1,646.
Virtually every other leading cryptocurrency is approximately the same price it was last weekend except Toncoin (TON), which blew up 22% to trade at $1.75, and Bitcoin Cash (BCH), which rose 8.6% to $206.87.
Toncoin’s bullish momentum can be attributed to the development of the TON ecosystem.
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