$ 63,000 Bitcoin Faucet Amid ETF Futures Approval: Price Analysis

Bitcoin hits a price range of $ 63,000 amid the latest Bitcoin futures ETF development, while crypto market cap surpasses $ 2.5 trillion. So read more on News and Analytics Our Latest Bitcoin Price Analysis Today.

The latest developments in the US suggest that there is a Bitcoin ETF nearby, which is why Bitcoin hit $ 63,000 a few hours ago. Most of the altcoins have failed to keep up with the number one cryptocurrency, and dominance has hit a nearly three-month high. Three days ago, the main cryptocurrency fell below $ 55,000 after being rejected at $ 58,000, and the situation changed over the next few days as BTC headed north to new highs in the near future.

Bitcoin hit nearly $ 58,000 a few days ago and after a few tries it managed to break that level. That price spike comes amid reports that a Bitcoin futures ETF will launch in the U.S. early next week. Although the Securities and Exchange Commission has not yet released the latest confirmation, rumors are mounting these days that fueled another BTC bull run. This time around, BTC climbed above $ 60,000 and continued to peak a few hours ago when the asset was inches, or 3%, from its highs of $ 65,000.

BTC lost a few thousand dollars but is still over $ 60,000 with a market cap of just under $ 1,150 trillion. Its dominance over other altcoins has hit a new three-month high of 47% as most of them lag behind. Most altcoins lost ground against BTC but are well positioned against the dollar. Ethereum fell below $ 3500 a few days ago but is now trading near $ 3900. Binance Coin is also up 3.5%, ADA is up 1.5%, Dogecoin is up 3.5%, and Litecoin is up 4%. Polkadot won them all, rising 7.5% over $ 43, while Solana was the only top 10 coin, falling 3% under $ 160. Obviously, more returns from AMP, The Graph, NuCypher, and ICP helped bring market cap to $ 2.5 trillion while the index is just inches away from the new era of all-time high.