Bitcoin surged as high as $59,920, notching its highest level since May. 10, but struggled to break above the $60,000 mark.
The world's biggest cryptocurrency surged as high as $59,920, notching its highest level since May. 10. But it struggled to break above the $60,000 mark.
Traders are optimistic about the chances of the U.S. Securities and Exchange Commission giving the green light to the first bitcoin futures exchange-traded fund, according to analysts., citing anonymous sources. CNBC couldn't independently verify the report. "The ETF news is being priced in with the market expecting an approval on Monday. This is driving the price up," Vijay Ayyar, head of Asia Pacific at cryptocurrency exchange Luno, told CNBC.
Not all cryptocurrencies got a boost from the ETF news Friday. Ether, the second-largest coin, rose 3.7% to $3,777. However, XRP was down about 0.6% while ada fell 0.3%.
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