Bitcoin and its crypto counterparts kicked off the week with a bullish trend, propelled by the much-anticipated regulatory approval of a spot Bitcoin exchange-traded fund (ETF). The positive momentum carried over from the weekend, with Bitcoin reinforcing its dominance with a robust performance, as it witnessed a 1% increase, confidently maintaining its position above the 34,000-level mark.

Meanwhile, Ethereum experienced almost the same gains, hovering just above the $1,800 mark. The altcoin arena also joined the rally, with notable players like Litecoin (LTC), and Chainlink (LINK) all marking their presence with subtle yet noticeable upticks.

Despite the current upbeat atmosphere, the volatile nature of cryptocurrencies suggests that both bullish and bearish scenarios could unfold in …