The price of bitcoin continues to climb higher as the crypto asset has captured over 19% in gains during the last seven days. Bitcoin tapped a daily high on Monday reaching $57,678 per unit, jumping 4.4% in the last 24 hours.
Bitcoin Outperforms the Pack as Speculators Assume ETF Approval Is Coming
It seems crypto investors are more attracted to bitcoin (BTC) in recent times as the crypto asset has been outperforming most of the top digital currencies in the last few days. On Monday, BTC has jumped 4.4% in value and BTC is the 14th-biggest seven-day gainer out of 10,000+ crypto-assets in existence.
Much of the price increase has been attributed to the possibility that the U.S. Securities and Exchange Commission (SEC) will approve a bitcoin exchange-traded fund by the month’s end. While many investors see a bitcoin ETF approval as being positive, others have shared contrasting opinions about the subject in recent times.