Crypto market rebounds, with the world’s largest cryptocurrencies spiking. This follows the news from the US SEC which does not consider Ethereum a security.
After showing a rapid surge last week, the price of Ethereum continues growing, while the future status of the cryptocurrency is still uncertain.
Bitcoin and Ethereum prices are going down while investors and traders are holding their breath in the run-up to the May 7 SEC hearing.
Ohanian says that the flexibility that the Ethereum platform provides its developer to build decentralized applications makes it to be a bigger bet over Bitcoin.