Bitcoin Surges to $35K on Hopes of Imminent Bitcoin ETF Approval

Bitcoin hits $35,000 for the first time since May 2022, up 4% on the day and 24% in the past week.

Ethereum, XRP, Solana, Cardano, and Dogecoin also post double-digit gains amid the rally.

Hopes of an imminent Bitcoin ETF approval from the SEC are fueling the price surge.

BlackRock, Fidelity, Ark Invest, and Invesco among firms vying for SEC approval of a Bitcoin ETF.

Recent ETF application amendments suggest the SEC is providing more guidance on requirements.