Some speculated that the jump was fueled by an April Fools' Day story about the SEC approving bitcoin exchange traded funds.
The more than 23% surge in bitcoin on Tuesday to prices above $5,000 is causing traders to scratch their heads.
"The United States Securities and Exchange Commission has made the decision to approve not one, but two applications for Bitcoin-based exchange traded funds ," the site said."Early next month, Bitcoin ETFs will be launched by Bitwise Asset Management and investment management firm VanEck."
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