Bitcoin Jumps 15% to $35,000 on Speculation of Imminent Bitcoin ETF Approval

Bitcoin surges 10% on Monday and another 5% in Asia trade as speculation mounts that a Bitcoin ETF could be approved soon.

Ether, other cryptos, and crypto-linked stocks also gain on potential Bitcoin ETF approval.

Bitcoin hits nearly $35,000, its highest price since May 2021.

Crypto derivatives data shows heavy Bitcoin short covering in last 24 hours.

Grayscale launches crypto sector indices with FTSE Russell, fueling more speculation of SEC approval of crypto ETFs.