May 24, 2024 - Economy
Charted: Rally, paused
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Ether and bitcoin rallied into the SEC's expected ruling on spot ether ETFs.
Flashback: Anticipation for the decision to swing to the positive pushed prices higher, and ether popped when the decision landed shortly after 5pm ET yesterday.
- BTC rallied alongside ether at the top of the week but ultimately finished the week flat.
What's happening: Ether is giving back some of those gains this morning.
Crystal's thought bubble: Perhaps part deux of the rally will pick up when there's activity around the second leg of the ether ETF regulatory process.
