In today's cryptocurrency market, the popular meme coin PEPE has hit another all-time high, reflecting the ongoing interest and investment in niche digital assets. Meanwhile, Bitcoin's recent surge to $72,000 has cooled, with the cryptocurrency now trading below $70,000. Ethereum remains robust as the market anticipates a significant SEC decision regarding an Ethereum ETF.

After a relatively calm weekend trading around $67,000, Bitcoin experienced a notable increase on Monday evening. This surge followed reports that the US Securities and Exchange Commission (SEC) might approve a spot Ethereum ETF as early as this week. The news propelled Bitcoin to surpass $70,000, reaching a six-week high of nearly $72,000.

However, the bullish momentum was short-lived as bears regained control, preventing Bitcoin from challenging its March 2024 high of $73,750. Consequently, Bitcoin's value began to decline, dropping to $70,000 yesterday and continuing to fall below that threshold today. As of now, Bitcoin is trading approximately $500 away from the $70,000 mark, with its market cap reduced to $1.370 trillion. Bitcoin's dominance in the market has also decreased by over 1% in recent days, now standing at 50.3%.

Ethereum has been significantly impacted by the potential approval of an Ethereum ETF. The cryptocurrency surged by over 20% in just a few hours, reaching a multi-week high of over $3,800. With the SEC's decision expected today, Ethereum's price has remained stable around this level.

Other larger-cap altcoins such as TON and NEAR have also seen positive movements, while SOL, BNB, ADA, DOGE, AVAX, XRP, and SHIB have turned red. The overall cryptocurrency market cap has remained relatively stable, just under $2.730 trillion.

PEPE, the meme coin, continues its impressive run, consistently reaching new all-time highs. Today was no exception, as PEPE charted yet another peak, demonstrating the vibrant activity and speculative interest in the meme coin sector.

The total cryptocurrency market remains dynamic, with significant movements among major coins and altcoins. Investors are keenly watching the SEC's decision on the Ethereum ETF, which could further influence market trends. Despite some assets experiencing declines, the overall market sentiment remains cautiously optimistic.

For those looking to stay updated on the latest price actions and trends in the crypto market, daily recaps and updates are available, ensuring you don't miss any critical developments.

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