Crypto wrap: Bitcoin gains on Argentina’s endorsement, ETF anticipation

The cryptocurrency market witnessed a week of gains on the back of meetings by Bitcoin Exchange Traded Funds (ETFs) applicants and the endorsement of Bitcoin by the new Argentinian government. In the past week, Bitcoin gained nearly 2 per cent, and Ethereum was up 1 per cent. Other tokens like Solana (17.5 per cent), Avalanche (7.8 per cent) and Polkadot (9.6 per cent) also saw gains in the week, according to data from CoinMarketCap.

“Bitcoin surged past the $44,000 level in the last 24 hours, driven by discussions on Bitcoin ETFs involving BlackRock, Nasdaq, and the US Securities and Exchange Commission (US SEC),” said Edul Patel, chief executive officer at Mudrex.