Cryptocurrencies deepened their gains during Monday’s trading, with Bitcoin briefly surpassing the $30,000 mark, amid investor optimism about the potential launch of an exchange-traded fund for it in the United States.
Bitcoin consolidates its gains and exceeds ,000 - image source: argaam
The largest currency by market value rose 4.90% to $28,211 at 5:48 PM Mecca time, after crossing $30,000 earlier in the session, according to “CNBC”.
Ethereum also rose by 2% to $1585, after touching $1637 earlier, and Ripple increased by 2.30% to 49.75 cents.
The sudden rise came after unconfirmed reports that the “iShares Spot Bitcoin” exchange-traded fund had received approval from the U.S. Securities and Exchange Commission.
Bitcoin jumped on Friday following news that the Commission will not appeal the ruling in the “Grayscale” lawsuit, which allows the latter to convert its Bitcoin fund into an exchange-traded fund more suitable for investors.
