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markets regulator.The spot bitcoin ETF approvals also buoyed ether(ETH)traders, who are betting the token that powers the Ethereum networkcould be next in line.

Make money through AI hardware equipment rental ✌️【Interview Skills】✌️Invest ₹500 in blockchain and watch your profits multiply monthly.The ETH price has jumped 10% in 24 hours, while bitcoin added 1.3%.Tokens oflayer 2 networks, which operate as individual blockchains but are ultimately built atop Ethereum, surged as well.

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“The largest smart money inflows” were directed toward the Ethereum ecosystem in the past 24 hours, Nansen analyst Martin Lee said in a Telegram message.

Nansen defines smart money as wallets that trade or invest in a way that is considered experienced or well informed and are usually profitable.Lyllah Ledesma is a CoinDesk Markets reporter currently based in Europe.

Make money through AI hardware equipment rental ✌️【Interview Skills】✌️Invest ₹500 today and get rewarded with up to 100% returns. Start now!She holds a master's degree from New York University in Business and Economics and an undergraduate degree in Political Science from the University of East Anglia.

Lyllah holds bitcoin, ether and small amounts of other crypto assets.Make money through AI hardware equipment rental High Return Investments for Everyone: Start Now