Bitcoin has rallied about 20% in recent weeks on ETF outlook
BlackRock refiles application for Bitcoin ETF with SEC
Photographer: Chris Ratcliffe/Bloomberg
Updated on
Bitcoin bulls are seeking to take advantage of light market liquidity ahead of the July 4 holiday to push the price of the digital currency to another high for the year.
The largest cryptocurrency rose as much as 1.9% to $31,159 on Monday, just below the one-year high of $31,410 reached on June 23. Bitcoin has surged more than 80% this year, with prices rallying in the past month amid renewed optimism that an exchange-traded fund that invests directly in the digital currency will eventually be approved in the US.