Bitcoin Recrosses $26.3K to Hit Highest Level in a Week

Less than 24 hours after fund management giant BlackRock filed paperwork for a spot bitcoin ETF, bitcoin recrossed $26,000 and soared to its highest level in a week. The largest cryptocurrency by market capitalization was recently trading at $26,369, up nearly 5% over the past 24 hours, according to CoinDesk data. BTC was trading below $25,000 – near its three-month low – as recently as Thursday morning before settling at about $25,500. Ether, the second largest crypto in market value, was recently changing hands at $1,721, up 4.5% from Thursday, same time. Earlier this week, ETH lost the $1,700 threshold for the first time since mid March.

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