The price of Bitcoin has surpassed a critical threshold as the competition to approve a spot exchange-traded fund intensifies.
At the time of writing, the cryptocurrency with the highest market capitalization in the world had surged to almost $47,000. According to CoinMarket Cap, the price of bitcoin is $47,037, up 6.85% in just 24 hours.
Bitcoin surged to this high after significant companies like BlackRock, Ark, Fidelity, Invesco, Galaxy Digital, and WisdomTree filed updated reports. Around this morning, the Bitcoin price has been back to $45,000.
Also Read: Cathie Wood Expects SEC’ Bitcoin ETF Green Light This Week
Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.
