Bitcoin has surged past $47,000 as excitement around the possibility of a spot Bitcoin ETF approval by the SEC grows

in hive-108451 •  last year 

Bitcoin (BTC) on Monday topped $47,000 for the first time since April 2022 as anticipation for a landmark spot-based BTC exchange-traded fund (ETF) approval in the U.S. is reaching a fever pitch.

The largest and original cryptocurrency rose sharply from $43,200 during Asia morning hours to a fresh 19-month high of $47,192 during the U.S. trading session, CoinDesk Indices data shows. BTC gained almost 7% over the past 24 hours.

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