Cryptocurrencies are experiencing an increase during the day this Friday, marking the close of a week of all-time highs again.
Cryptocurrencies are experiencing a rise during the day this Friday, marking the close of a week in which Bitcoin once again reached historical highs by surpassing the barrier of $69,000. Currently, the main cryptocurrency is trading above $68,000.
Last March 5, the leading cryptocurrency set a new record driven by growing institutional demand and profit expectations associated with the next historic halving scheduled for April. Despite a 3% correction since then, BTC remains close to those levels.
And Ethereum?
Another cryptocurrency that has gained momentum these days is Ethereum, which has reached its highest level since January 2022. Ethereum futures have seen a notable increase of over 75% from the lows recorded to date.
Institutional demand for Bitcoin-linked ETFs fuels optimism about the possible availability of similar products for Ethereum in the near future. Speculation around this issue has been a key element in the current rally, along with the depreciation of the dollar.
In the last few hours, it has been reported that the United States Securities and Exchange Commission (SEC) has decided postpone possible approval of options trading for exchange-traded funds (ETFs) that focus directly on BTC. Some experts suggest that the regulator could reject current filings related to the Ethereum Spot ETF.
Source: Ambito
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