This growth is driven by the expectation that the spot ETF will be recognized by the US regulator, the Securities and Exchange Commission (SEC), allowing investors to trade shares backed by Bitcoin as the world’s largest asset.
Other smaller cryptocurrencies also rose: Ethereum rose 3.8%, Cardano, Solana’s SOL, and Polkadot rose 7% to 9%. BTC accounts for just over half of the cryptocurrency’s $1.7 trillion market cap.
At the time of this writing, the Bitcoin-dollar exchange rate was $46,715.
Source: Ferra
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