Bitcoin Surges Past $70K as Market Eyes Spot Ethereum ETF Decision

The crypto market saw renewed bullish momentum this week as Bitcoin ($BTC ) surged past the $70,000 mark, driven by optimism around institutional adoption and macroeconomic clarity. This comes just days before the U.S. Securities and Exchange Commission (SEC) is expected to deliver its final decision on a spot Ethereum ($ETH ) ETF, a development that could significantly reshape market sentiment.

BTC's rally follows a period of consolidation and coincides with rising demand from U.S.-based spot Bitcoin ETFs, which saw over $300 million in net inflows in the last 48 hours. Analysts suggest that continued institutional interest, combined with a favorable interest rate outlook from the Federal Reserve, is fueling the momentum.

Altcoins such as Solana ($SOL ) and Toncoin also posted double-digit gains, reflecting broader confidence in the market. However, experts urge caution, citing potential volatility tied to regulatory decisions and macroeconomic data releases in the coming weeks.