The rise of Bitcoin to $48,800 contributed to the rise of a number of tokens by 40-50%

Since the start of trading in spot Bitcoin ETFs, the price of the main cryptocurrency has increased from $45,000 to a daily maximum of $48,887. Since then, BTC has rolled back to the current $46,120. At the same time, the altcoin market, for example, Ethereum Classic (ETC) and Ethereum Name Service (ENS) recorded a 24-hour increase of 48.63% and 39.59%, respectively. It is interesting that the daily trading volume of ETC increased to $2.21 billion.

Large gains were also shown by Sui (SUI), which increased by 28%, Mantle (MNT), which added 23.37%, and Blur (BLUR), which increased its value by 21.56%. Cardano (ADA) and Avalanche (AVAX) are leading the way.

Additionally, the approval of a Bitcoin spot ETF has opened the door for altcoin-focused spot ETFs. In particular, among the 11 companies that have received approval for listing and trading spot ETFs.
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