Summary
TLDR: Bitcoin rebounds to $66,964 after hitting $63,000 over the weekend, surging 31% in the past month. Less than a month left before the next halving, causing volatility in the market. Ethereum also shows positive momentum with a 2.6% gain, currently at $3,452. U.S. SEC delays decision on Grayscale Ethereum Trust conversion to spot Ethereum ETF. Execs optimistic about Ethereum ETFs launching in December.
Key Points
1. Bitcoin has rebounded with a 3% gain to start the week, reaching a price of $66,964 after sinking to $63,000 over the weekend.
2. The next Bitcoin halving is expected to occur on April 19, reducing the reward paid to miners from 6.25 to 3.125 BTC, leading to increased volatility in the price of Bitcoin.
3. Ethereum has shown positive momentum with a 2.6% gain in the last 24 hours, reaching a price of $3,452, despite facing delays in the decision on converting the Grayscale Ethereum Trust into a spot Ethereum ETF by the U.S. Securities and Exchange Commission.