Bitcoin Surges Above $67K as Ethereum ETF Hype Reignites Market Momentum
The crypto market is buzzing again as Bitcoin ($BTC ) reclaimed the $67,000 mark early Friday, fueled by renewed optimism around a potential Ethere$m Spot ETF approval in the United States.
Bitcoin Leads the Rally
Bitcoin posted a 4.8% gain over the past 24 hours, climbing past key resistance and signaling a bullish reversal. Analysts attribute the surge to institutional inflows and diminishing U.S. inflation data, which has reignited interest in risk-on assets.
Ethereum Eyes ETF Boost
Meanwhile, Ethereum ($ETH ) spiked over 6% following whispers that the U.S. Securities and Exchange Commission (SEC) might be warming up to a spot ETH ETF. Bloomberg analysts have increased their approval odds to 60%, marking a dramatic shift from the previous skepticism.
Altcoins Ride the Wave
The positive sentiment has trickled down to altcoins. Solana ($SOL ), Avalanche (AVAX), and Chainlink (LINK) all posted 5-10% gains, with trading volumes soaring across major exchanges.
