The past 24 hours has seen a whirlwind of activity, with several cryptocurrencies making significant strides in the market.
Leading the charge is Bitcoin (BTC), Stacks (STX), and a host of others, each making headlines for various reasons.
Top Trending Cryptos in the Past 24 Hours
According to recent data from a blockchain analytics firm Santiment, several cryptocurrencies have captured significant social media interest in the past 24 hours. Consequently, making them pivotal in understanding current interest levels and forecasting potential market changes.
Here’re the top trending cryptocurrencies in the past 24 hours:
- Bitcoin (BTC)
- Stacks (STX)
- Cardano (ADA)
- MXC (MXC)
- Litecoin (Litecoin)
- VeThor Token (VTHO)
- HEX (HEX)
Why These Cryptocurrencies Are Trending
The cryptocurrency community is currently buzzing with excitement. Particularly, due to the anticipated decision by the US Securities and Exchange Commission (SEC) on the approval of a spot Bitcoin ETF. This momentous decision, expected by industry giants like BlackRock and Standard Chartered Bank as early as January 11, could usher in a new era for Bitcoin.
With potential inflows ranging from $50 to $100 billion, it signifies a significant shift in Bitcoin’s perception and adoption.
“I think approval is inevitable and there’s nothing left to decide… This is a big step not just for Bitcoin, but for finance generally,” former SEC Chair Jay Clayton said.
Read more: How To Prepare for a Bitcoin ETF: A Step-by-Step Approach
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Author: Bary Rahma