Bitcoin has just breached $35,000 per data from CoinGecko—a price not seen since May 2022. Over the last seven days, Bitcoin has surged by more than 24% and has dragged the rest of the market with it. Of the top ten cryptocurrencies by market cap, Solana has enjoyed the biggest gains, rising 41% since last Wednesday. Renewed hopes of an imminent Bitcoin ETF approval are likely the reason for the recent rally. BlackRock, Fidelity, Ark Invest, and Invesco are all vying for SEC’s approval. This news is good as it suggests that the market is strong and that institutional investors are interested in investing in cryptocurrency. #Bitcoin #Cryptocurrency #ETF #Investment
You can read more about this topic here: Decrypt: Bitcoin Hits $35,000, Reaching 16-Month High Amid ETF Hype
