After a rapid surge that saw Bitcoin's price skyrocket by $5,000 within hours, the leading cryptocurrency's rally has hit a temporary pause, slipping below the $70,000 mark earlier today. While Bitcoin calms at this level, the performance of altcoins varies, with some posting gains while others are in the red.

Bitcoin experienced several days of recovery towards the end of the previous week, hovering primarily in the range of $66,000 to $67,000. However, Monday brought significant momentum to the market amid rumors that the US SEC might approve spot Ethereum ETFs soon. Bitcoin, along with the broader market, reacted with an immediate surge, propelling its price from around $67,000 to $72,000, marking its highest level since April 9.

Following this impressive rally, a minor pullback occurred, pushing Bitcoin below the $70,000 threshold earlier today. While the asset has stabilized around this level for now, uncertainties loom over its short-term trajectory.

Amid Bitcoin's consolidation, altcoins have shown mixed performances. Ethereum (ETH) emerged as a significant winner, surging by over 20% within hours in response to positive news about spot Ethereum ETFs. Ether reached a multi-week peak of over $3,800 before retracing slightly, still maintaining gains for the day.

Other notable performers include Dogecoin (DOGE) and Shiba Inu (SHIB), both posting 3% gains. However, some altcoins like TON, ADA, BCH, and NEAR have experienced declines ranging from 3% to 5%.

Amidst the varied performances, meme coins like PEPE and FLOKI continue to gain momentum. While specific details on their recent performance are not provided in this update, these coins have remained active in the market, attracting attention from investors.

As Bitcoin stabilizes and altcoins display mixed movements, investors remain vigilant, closely monitoring market developments and regulatory news that could influence cryptocurrency prices.