Bitcoin stable before the decision of the ETF, what is expected?



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Crypto markets keep their gains; Bitcoin back to $ 8,000 before the advance ruling ETF on Bitcoin, BCH and XRP progressing slowly, pumping Dash.

Crypto markets maintained their weekend gains, with bitcoin remaining buoyant. The correction that was never finished early Sunday, when the BTC returned to $ 8,000. Today, the market capitalization remains close to $ 250 billion, but a major regulatory decision expected tomorrow could result in big changes.

Bitcoin revisited its 2019 high of $ 8,250 a few hours ago. BTC fell sharply to just over US $ 7,900 after encountering resistance, but has since regained its composure and climbed back to US $ 8,000, trading slightly higher than at the same time.

Ethereum is flat and stays just above $ 250 where it was yesterday. ETH also kept its recent gains, but has not seen the price double since early April.

There is very little movement in the top ten at the time of writing. Only XRP and Bitcoin Cash added two percent to trade at $ 0.40 and $ 408 respectively. The others are unchanged, with the exception of Cardano, which declined slightly.

The first 20 have more red than green during the Asian trade this morning. Only Dash pump, since 10% bring it to $ 165. South Korean markets are currently receiving the majority of Dash trading, as Bithumb is the leading stock market. Monero made 3%, but the rest is in decline.

FOMO: NEXT Spikes in the Top 100

Today's fomo will be heading to NEXT, which is in the top 100 with a 45% pump. The South Korean exchange Coinbit Exchange creates the fomo for NET. Japan Content Token is also up 40% because it also enters the big 100. These two relatively obscure altcoins are the only ones to pump for the moment.

At the bottom of the table is Decred dumping, ten percent today. Digibyte and Crypto.com's MCO also slide with a loss of more than 7% each.

Total market capitalization 24 hours. Coinmarketcap.com

Total market capitalization is currently $ 248 billion, slightly higher than the same time yesterday. It peaked at $ 257 billion when Bitcoin encountered resistance, but has since retreated slightly. There is growing concern that the SEC's upcoming decision for the VanEck ETF could drive prices down. The regulatory body must decide on the approval of the long-awaited fund tomorrow, but the most likely outcome is another delay.

Market Wrap is a section that examines daily the main crypto-currencies during the current trading session and analyzes the best performing, looking for trends and possible fundamentals.

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