Joseph Adinolfi is a markets reporter at MarketWatch.
Bitcoin surmounted the $30,000 level on Friday for the first time since August, inspired by hopes that the U.S. Securities and Exchange Commission will soon approve exchange-traded funds that invest directly in the pioneering cryptocurrency.
On Monday, the bitcoin price briefly rose to right around the $30,000 mark on a report that BlackRock Inc., the world’s largest money manager by assets under management, had received approval to launch a spot bitcoin ETF.
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