Bitcoin's price has risen 25% in the last month, with most gains coming during US trading hours, suggesting rising adoption from US investors and institutions. A potential approval of a US-listed spot bitcoin ETF is fueling this adoption, as ETFs would make bitcoin more accessible to mainstream investors. Many analysts expect an ETF approval to drive significant new money into Bitcoin. Total crypto market capitalization has risen back above $1.25 trillion. Trading volume has increased 99% to $92 billion, showing broad-based strength across the crypto sector. Bitcoin still dominates with a 53% market share.
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00:00 It's Benzinga and here's what's on the block.
00:03 Bitcoin's price has risen 25% in the last month, with most gains coming during US trading
00:07 hours suggesting rising adoption from US investors and institutions.
00:11 A potential approval of a US-listed spot Bitcoin ETF is fueling this adoption, as ETFs would
00:16 make Bitcoin more accessible to mainstream investors.
00:19 Many analysts expect an ETF approval to drive significant new money into Bitcoin.
00:23 Total crypto market capitalization has risen back above $1.25 trillion.
00:28 Trading volume has increased 99% to $92 billion, showing broad-based strength across the crypto
00:33 sector.
00:34 Bitcoin still dominates with 53% market share.
00:37 For all things money, visit Benzinga.com.
00:39 [BLANK_AUDIO]