Today’s market sees a downturn in the value of Ethereum‘s Ether token, largely influenced by negative developments within the cryptocurrency sphere. As of May 7, the price of Ether fell to $3,022, marking a decline of around 6.20% from its previous day’s peak. This downward trend is not isolated to Ether; Bitcoin also experienced a similar fall of approximately 4% during the same period. A significant factor contributing to this decline is the uncertainty surrounding the U.S. Securities and Exchange Commission’s (SEC) handling of a proposed Ether exchange-traded fund (ETF). The SEC has postponed its decision regarding the ETF application
![Solana [SOL] Outpaces Ethereum with Record-Breaking Network Speed and 3% Price Surge](https://resources.cryptocompare.com/news/77/30938244.jpeg "Solana [SOL] Outpaces Ethereum with Record-Breaking Network Speed and 3% Price Surge")
![Bitcoin [BTC] Signals Potential Rebound Amid Market Fear and Accumulation Trends](https://resources.cryptocompare.com/news/77/30940887.jpeg "Bitcoin [BTC] Signals Potential Rebound Amid Market Fear and Accumulation Trends")
