Bitcoin Rebounds Above $42K as Crypto Sentiment Improves on Expected Regulatory Progress
• Bitcoin surpassed $42,000 on Monday, reaching a high for the year and recovering from recent scandals
• Investor sentiment has turned more optimistic, sending crypto values and shares higher
• Backers anticipate crypto ETF approvals from the SEC next month, which could draw billions in new investments
• Leading cryptocurrencies like Bitcoin and Ethereum have posted triple-digit percentage gains so far this year
• The sector appears to be moving past recent high-profile scandals like the collapse of FTX