Bitcoin surged to $34500 and broke the strong resistance of $32100 this week. It's a new high since May 2022, more than a year. This is a definite good news for the crypto traders and worth to monitor back those crypto related stocks and tickers.
Bitcoin and different crypto tokens posted sturdy positive factors this week mainly because the bullish momentum within the crypto markets continued over the weekend. Attainable spot bitcoin exchange-traded fund (ETF) approval within the US pushed the momentum larger within the digital asset market, which was cheered with all-round shopping for curiosity.
Major financial institutions such as Blackrock, Invesco, Fidelity and Grayscale have been pushing for bitcoin ETFs and submitted applications to sell such assets, portraying them as safer investment options compared to direct crypto investments known for their speculative nature and price volatility.
I believe the bullish sentiment from the crypto will boost the share price of the crypto related counters such as $Coinbase Global, Inc.(COIN)$
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Why BTC surged??