Bitcoin Reclaims $65K as Market Eyes Ethereum ETF Approval
Bitcoin$BTC surged past the $65,000 mark today, fueled by increasing optimism around potential Ethereum ETF approvals in the U.S. The crypto market responded positively after Bloomberg analysts raised the probability of a spot $ETH ETF approval to 70%, citing improved regulatory dialogue and political pressure ahead of the 2024 election cycle.
Ethereum followed suit, climbing over 7% in 24 hours to trade above $3,300. Other altcoins like Solana$SOL and Chainlink also posted strong gains, reflecting broad-based confidence in the market.
Meanwhile, institutional interest continues to grow. BlackRock and Fidelity are reportedly ramping up digital asset teams, signaling a long-term bet on crypto's integration into mainstream finance.
