Greetings to all readers of this great platform, especially to those who make life within the great community of #LeoFinance, in the present opportunity I want to share a little information about the crypto market and what is currently happening in the market, the truth is that the situation is a little out of control, but the truth is having a big winner the current situation after the approval of the ETF, begins a market crash.
 Screenshot taken at: Coingecko |
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A few days ago we were waiting for the decisions of the SEC regarding the ETF, this situation took a little while to generate a decision, despite this there was tranquility in the market and with this we had a stable market situation, and hoping that upon receiving an answer that we expected to be positive, this answer finally reached the market and a positive response was expected in the crypto market prices.
At the present time we can observe the market a little, and see how the market has really collapsed, the prices of many tokens are in free fall including the price of Bitcoin, because when observing its market it lost the support of 45k that had acquired a few days ago, and this leads us to think how much the market can fall today, but the reality is that I do not think that its price will fall much more, but in the crypto market there is never certainty.
On the other hand, when looking for who have been the most benefited at the moment, we really have a great champion and this is the ETH, because when receiving the news of the approval of the ETF, the price of it rose sharply and very fast, this situation made the ETH market rise at least 17% in a matter of hours, a situation that has been beneficial to the ETH crypto market.
This can be seen in the current moments, because with the fall of the market in general, we can appreciate that the ETH has not been affected in terms of loss of value before the ETF decision, as it only lost the extra value acquired but did not lose its former support in the area of 2500 dollars, this can be seen as the big winner in the whole market problem that has currently arisen in the crypto market.
