Why Bitcoin, Ethereum, and Dogecoin Surged Higher This Week
It's been a wild ride in the cryptocurrency world this week, but it's mostly been a ride higher for investors in the largest blockchain projects. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and Dogecoin (CRYPTO: DOGE) have seen some remarkable moves higher over the past week, surging 3.3%, 28.7% and 5% over the past week, as of noon ET on Thursday.
The story this week that appears to be providing the rising tide lifting the boats of all large-cap digital assets is the expectation that a ruling should be forthcoming this week as to whether the Securities and Exchange Commission (SEC) will approve spot Ethereum ETFs.
Bitcoin went on a run heading into the ultimate approval of spot ETFs for that crypto, and there was a flood of capital into this asset. This is a clear and meaningful catalyst for the overall sector and could lead to other similar products down the line.
Source Fool.com
