(Bloomberg) -- Bitcoin has jumped on bets that the first US exchange-traded funds investing directly in the token are set to be approved. The question now is...
Yahoo News is better in the app -- Bitcoin has jumped on bets that the first US exchange-traded funds investing directly in the token are set to be approved. The question now is whether an actual green light for the products would spur some profit-taking.Apple Plans AirPods Overhaul With New Low- and High-End Models, USB-C HeadphonesThe largest digital asset is up 16% this week and at one point topped $35,000 for the first time since 2022.
Chart patterns below hint that the Bitcoin rally has become stretched, while options bets signal some speculators see a runway to $40,000 before the token stalls. Bitcoin — which has more than doubled this year following a deep crypto rout in 2022 — was steady at $34,490 as of 10:14 a.m. in London on Thursday, while smaller tokens such as Ether, Avalanche and Dogecoin pushed higher.
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