Bitcoin Surges Past $34K as Crypto Rebound Continues on ETF Hopes

Bitcoin price roared above $34,000 as crypto regains confidence amid hopes for a spot bitcoin ETF approval.

Cathie Wood's ARK Invest cashed in some profits, selling Coinbase and Grayscale Bitcoin Trust shares.

Institutional demand for a spot bitcoin ETF is stronger than ever as firms like Coinbase, VanEck and BlackRock have filed.

Bitcoin led a broad crypto rally with ethereum also surging. Bitcoin miners Marathon Digital and Riot Platforms jumped double digits.

MicroStrategy, which holds sizable bitcoin, climbed as bitcoin gained. MSTR stock is tracing a potential cup base.