Ethereum prices jumped more than 4% today (June 15) thanks to comments from the Securities & Exchange Commission (SEC).
Yesterday, the U.S. financial agency’s director of corporate finance made statements at the Yahoo Finance “All Markets Summit: Crypto” that made the crypto community feel bullish about ETH.
“Putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network, and its decentralized structure, current offers and sales of Ether are not securities transactions,” William Hinman said.
Here is a recap of the top five cryptocurrencies by market cap as of 12:30 p.m. EST:
| Cryptocurrency | Market Cap | Price | Change (24h) |
| Bitcoin (BTC) | $112,779,432,259 | $6,597.29 | 1.54% |
| Ethereum (ETH) | $51,054,297,252 | $510.07 | 4.36% |
| Ripple (XRP) | $21,710,031,604 | $0.55 | 1.71% |
| Bitcoin Cash (BCH) | $15,042,891,294 | $875.35 | 1.25% |
| EOS (EOS) | $9,923,780,246 | $11.07 | 7.43% |
Now, let’s take a closer look at today’s Money Morning cryptocurrency insight, the most important cryptocurrency updates you need to know…
Money Morning Cryptocurrency Insight
Companies are adding “blockchain” to their names in hopes of attracting new investors trying to play the $284 billion market.
But that doesn’t make them good investments.
The Cryptocurrency Everyone Else Will Regret Not Owning: To see Tom Gentile’s No. 1 crypto pick and exactly how to trade it, click here now.
That’s why we uncovered the one cryptocurrency stock you want in your portfolio right now.
The Top Cryptocurrency Stories for June 15
- Today’s uptick in ETH prices comes after months of speculation that the SEC may rule that Ethereum is an equity. Investors had previously grown concerned after a top official at the SEC said that “every ICO” is a “security.” But the nature of the network means that no single person is in charge of making key decisions about its operations.
- Billionaire venture capitalist and Bitcoin investor Tim Draper is back with an updated Bitcoin price forecast. The operator of one of the market’s largest cryptocurrency funds projects that Bitcoin will hit $250,000 by 2022.
- Finally, Bitcoin bull Tom Lee offered his insight into the recent pullback of Bitcoin prices. The co-founder of Fundstrat didn’t blame hacking events, geopolitics, or ongoing regulatory efforts abroad. Instead, he pointed to the recent expiration of Bitcoin futures on the Chicago Mercantile Exchange and the Chicago Board Options Exchange.
No. 1 Crypto Pick Revealed Live on Camera
Tom Gentile recommended a little-known altcoin that gave readers the chance at 103.64% gains… but this is only the beginning!
Because as America’s #1 Pattern Trader, he’s on a mission to hand you the opportunity to trade 20 recommendations that could return as much as 1,000% this year.
And now, he’s revealing another big player – the No. 1 cryptocurrency he is buying right now (live on camera).
All the details are right here.
Follow Money Morning on Twitter, Facebook, and LinkedIn.
About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free. Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors.To get full access to all Money Morning content, click here.
Disclaimer: © 2018 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201.
