Bitcoin Surges 2.3 Percent to $38,240 as ETF Optimism Lifts Market Sentiment

Bitcoin advanced 2.3 percent to $38,240 in the last 24 hours, fueled by speculation that U.S. regulators could soon approve BlackRock’s spot Bitcoin ETF application. Daily trading volume touched $44 billion across major exchanges while Ethereum gained 1.2 percent to $3,790. Analysts said sustained institutional participation may trigger short-term rallies if ETF clearance materializes. 

The global crypto market capitalization rose 1.9 percent to $1.57 trillion. Traders anticipate resistance near $39,000 before potential upside toward the $40,000 psychological mark.