The latest announcement of the SEC for the approval of the Bitcoin (BTC) Futures ETF has caused a staggering surge in the crypto market cap!
Bitcoin (BTC) hit 60k which signifies the first time since the April surge after the Securities and Exchange Commission (SEC) announced that it will approve the first Bitcoin (BTC) futures ETF. This announcement had a positive impact on the whole crypto market.
These surges were fed by speculations that the SEC was ready to give the green light on the Bitcoin (BTC) ETF sometime during the following week.
The crypto market capitalization was $2,194 trillion on April 14, 2021, when Bitcoin (BTC) reached its all-time high, while now it amounts to a total of $2,505 trillion, with many field experts forecasting that Bitcoin (BTC) is headed for another ATH.
At the time of publication, the market’s overall worth increased 4.14% since Friday, putting the crypto market cap ahead of Apple inc.