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Bitcoin and Ethereum Surge Despite SEC Rejection

Janelle Fox

Summary: Two of the industries biggest cryptocurrencies Bitcoin and Ethereum hit big surges on Oct. 10, even though the U.S. Securities and Echange Commision (SEC) rejected their attempt to create a bitcoin exchange-traded fund (ETF). Bitcoin grew 5% and Ethereum grew about 6% in the last 24 hours continuing their bullish trend for the week. This ...

Two of the industries biggest cryptocurrencies Bitcoin and Ethereum hit big surges on Oct. 10, even though the U.S. Securities and Echange Commision (SEC) rejected their attempt to create a bitcoin exchange-traded fund (ETF).

Bitcoin grew 5% and Ethereum grew about 6% in the last 24 hours continuing their bullish trend for the week. This comes after the U.S. Federal Reserve’s plan to pump more cash into the financial market to boost bank balance sheets and drive inflation, according to Forbes.

By Janelle Fox

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