Bitcoin climbs to 18-month high on renewed ETF hopes

Bitcoin (BTC-USD) surged past $37,000 early Thursday, its highest level in 18 months. The cryptocurrency’s gains come amid speculation that the SEC may finally approve a spot bitcoin ETF.
Yahoo Finance Senior Reporter Jared Blikre analyzes the factors behind bitcoin’s rise, observing patterns in other cryptocurrencies as the digital asset market aims to stage a recovery from recent crashes.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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