The cryptocurrency market returned to bullish territory with its market cap rising over 2% to $3.96 trillion. Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies registered substantial gains in the past 24 hours as market sentiment improved. BTC was trading around $111,400 on Wednesday. However, market sentiment turned bullish, and the flagship cryptocurrency rallied, crossing $114,000 and moving to its current level. BTC is up 2.35% over the past 24 hours, trading around $114,120. 

Meanwhile, ETH rallied to reclaim the $4,400 mark despite falling to a low of $4,305 early in the session. However, the altcoin recovered and is up nearly 3%, trading around $4,428. Ripple (XRP) is up almost 2% and has reclaimed the $3 level, while Solana (SOL) is up 1.78%, trading around $223. Dogecoin (DOGE) is up almost 4%, while Cardano (ADA) is up 1.57%, trading around 1.57%. Chainlink (LINK), Stellar (XLM), Hedera (HBAR), Litecoin (LTC), Toncoin (TON), and Polkadot (DOT) also registered substantial price jumps. 

SEC Delays Crypto ETF Decisions 

The United States Securities and Exchange Commission (SEC) delayed its decision on multiple crypto ETF proposals on Wednesday, pushing back deadlines for several funds, including BlackRock and Franklin Templeton. According to SEC filings, the regulator will decide on Franklin Templeton’s Ethereum staking amendment on November 13. The decision on the Solana and CRP ETFs has been pushed to November 14. Another proposal to permit staking in BlackRock’s iShares Ethereum Trust is slated for October 30. However, the filings do not disclose the SEC’s views on the applications, only that it needs more time to evaluate them. 

Franklin Templeton’s proposals for the Ethereum, Solana, and XRP products were filed with Cboe BZX in mid-March, while Nasdaq submitted BlackRock’s iShares Et

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Author: Amara Khatri