Other cryptocurrencies are rising with it

Not only did the Ethereum price make a nice profit tonight; Other cryptocurrencies also rose sharply. For example, at the time of writing, Bitcoin’s price is $69,800, which is 6 percent higher than it was one day ago. This brings the coin closer to the important $70,000 mark.

The price of Solana also recorded a noticeable increase, rising within 24 hours by more than 7 percent. These positive developments show that the cryptocurrency market is broadly on the rise, fueling optimism and enthusiasm among investors and traders.

Why is the price of Ethereum rising?

The recent strong rise in the price of Ethereum is largely due to the significantly increased likelihood of an ETF being approved. According to specialists, the probability of this approval increased from 25% to up to 75%.

This optimistic outlook created a wave of confidence among investors, leading to a rapid and significant rise in the price of Ethereum.

Trade €10,000 for free and get a €10 bonus

Do you want to enter the world of cryptocurrencies and perhaps buy Ethereum or any other cryptocurrency? Then take your chance now with this exclusive offer! Thanks to a special deal between Newsbit and Bitvavo, one of the most accessible and user-friendly cryptocurrency exchanges in Europe, our readers receive an exclusive offer.

Create an account with Bitvavo via the button below and receive a welcome gift of €10 absolutely free. And that’s not all – you also don’t pay trading fees on the first €10,000 of transactions. Register now!