Bitcoin Takes the Lead in an Eventful Week for Cryptocurrencies

Access COINTURK FINANCE for the latest updates on financial and business news. On May 19, the largest cryptocurrency faced difficulties in maintaining a position above $66,000 and experienced multiple drops below this threshold. However, on May 20, it embarked on a remarkable upward trajectory. The climax was nothing short of extraordinary. As reports surfaced about the potential approval of eight spot Ethereum ETF funds by the US SEC during that week, Bitcoin witnessed a surge of over $5,000, marking its first significant increase in six weeks. It came tantalizingly close to reaching $72,000. Unfortunately, Bitcoin’s ascent was short-lived, as it started to lose value in the subsequent days.