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Investor optimism rises in the digital assets market as Pro-Crypto Paul Atkins officially becomes SEC Chairman. Ethereum surges 11% as SEC approves trading ETH Spot ETFs.
A crypto boom could be on the cards following recent developments at the U.S. Securities and Exchange Commission (SEC). Following a 52-44 vote outcome, the Senate has officially appointed the Wall Street consultant, Paul Atkins, to lead the SEC amid halted Trump tarrifs.
While most cryptocurrencies gained substantial bullish momentum following the decreased trade war tension, ETH could be poised for an exponential bull run in the mid-term. Per CoinMarketCap data, ETH has surged 11%, with its 24-hour trading volume rising 81%.
Are traders buying the dip now?
Crypto traders could be buying the recent dip as major altcoins have seen notable price surges. XRP has surged 11%, Solana 12%, BNB 5%, Cardano 11%, and LINK 15%. Meme coins such as DOGE and SHIB have recorded more than 10% gains.
The market has gained a bullish momentum following a week of extreme volatility. If the momentum holds, a bull rally could be on the start.
