Major cryptocurrencies experienced a significant surge on Wednesday evening, driven by increased accumulation of BTC by large holders and as investors weighed a fresh batch of strong corporate profits.
What Happened: Bitcoin surged from $42,500 to a peak of $44,700 in a single day, marking its highest value since Jan. 12, when spot bitcoin exchange-traded funds (ETF) were first introduced for trading in the United States.
Following a lengthy regulatory process, the Securities and Exchange Commission (SEC) granted approval to a series of ETFs last month. During this period, the price of Bitcoin reached $48,000 at one point.
Top Gainer (24 Hour)
Cryptocurrency
Gains +/-
Price (Recorded 9:30 p.m. EDT)
Dymension (CRYPTO: DYM)
+17.20%
$5.85
Kaspa (CRYPTO: KAS)
+15.65%
$0.12
Celestia (CRYPTO: TIA)
+11.35%
$19.53
The global cryptocurrency market cap now stands at $1.65 trillion, showing a 0.59% increase in the past 24 hours.
The Nasdaq Composite soared by 0.95% to close at 15,756.64, and ...