Bitcoin Surges to $35K, Setting New Record Amid ETF Excitement

The price of Bitcoin surged past $35,000 for the first time since May 2022, gaining over 10% in the past 24 hours. The sudden increase in price coincided with growing excitement around upcoming spot exchange-traded fund (ETF) approvals and a significant rise in trading volumes. BlackRock's proposed spot Bitcoin ETF also received attention, with indications that the investment giant may soon begin the process of launching its ETF product. Bitcoin's surge in price was accompanied by a surge in spot trading volume, reaching over $35 billion in the past 24 hours. Other cryptocurrencies, including Ethereum, Solana, Dogecoin, and Cardano, also experienced price gains.