Five Things to Know in Crypto This Week: SEC v Coinbase and BTC-Spot ETFs

Five Things to Know in Crypto This Week: SEC v Coinbase and BTC-Spot ETFs

Crypto Market Cap Hits Highest Level Since May 2022

The total crypto market cap was up 0.75% to $1,617 billion from Monday to Saturday morning. Progress toward a BTC-spot ETF market drove buyer demand for cryptos. However, fake news and increasing scrutiny of the US crypto space delivered a volatile week.

The Total crypto market cap rose to a Tuesday high of $1,726 billion before sliding to a Wednesday low of $1,501 billion. Significantly, the crypto market cap reached $1,700 billion levels for the first time since May 2022.

Crypto Market Cap Weekly Chart 060124

BTC-Spot ETF Highs and Lows

Progress toward a BTC-spot ETF market continued in the week ending January 5. However, there were highs and lows for BTC
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