Crypto Prices Today: BTC, ETH, UMA, & HOT’s 24 Hour Success

• BTC, ETH, UMA, and HOT are all in the spotlight after their prices jumped in the past 24 hours of trading.
• BTC’s price jumped by $2K within minutes after false news about BTC ETF approvals spread yesterday.
• UMA was one of the biggest gainers after its price surged by more than 12% throughout the past day.

Bitcoin (BTC), Ethereum (ETH), UMA (UMA), and Holo (HOT) are all in the spotlight today after their prices experienced positive price movements in the past 24 hours of trading. UMA, however, stole the show with its 12+% price surge during the past day of trading.

Bitcoin (BTC)

BTC’s price was on a rollercoaster ride over the past day after fake news about BTC ETFs spread like wildfire yesterday. There were talks that the SEC had granted approval for a BTC ETF in the U.S., a development that has been eagerly awaited by many in the cryptocurrency industry.

This announcement had a huge impact on the market, causing BTC’s value to surge by $2K within a matter of minutes. CoinMarketCap indicated that the market leader eventually reached a peak price of $29,448.14. At press time, BTC was worth $28,350.10.

Ethereum (ETH)

The fake news about BTC ETFs could also be to blame for the rise in ETH’s price in the past day as it may have fueled hopes that ETH ETFs could also be approved by the SEC as well. The leading altcoin’s price was able to climb by 0.57% in the past 24 hours, which left it trading hands at $1,589.89.

This allowed ETH’s weekly performance to be flipped back into the green zone to +0.03%. Additionally, the altcoin’s intraday volume experienced a 90+% surge, which left it standing at $8,137,885,379.

UMA (UMA)

UMA was another token that drew the attention of traders after its price spiked by more than 12% since yesterday. The cryptocurrency’s 24-hour trading volume stood at about $101,106,123 at press time after it shot up by an eye-watering 2,272%.

Although UMA was able to reach a peak price of $1.77 in the past 24 hours, it is still a far cry from its all-time high price of $43.37 that it reached in February 2021. UMA was established in 2018 by Allison Lu and Hart Lambor. Their mission was to create a global market that is equitable, accessible, secure, and decentralized on a global scale.

Holo (HOT)

HOT also stood out from other tokens after its price managed a 4.28% climb. This left the token trading hands at $0.001353, which was a new 24-hour high price for altcoin.

Although there is no specific event behind HOT’s 24-hour success, the project has been busy with new developments including its Holochain NFT art game called Fractal Tribute. Additionally, Holochain also attended Zebu Live between 10 and 11 October of this year, which is one of London’s hottest Web3 events.