Bitcoin and cryptocurrency prices have surged this week as expectations the U.S. regulator will greenlight a bitcoin futures exchange-traded fund (ETF) have soared.

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The bitcoin price smashed through $60,000 per bitcoin, hitting highs of almost $63,000 yesterday before falling back slightly and pushing the combined cryptocurrency market to over $2.5 trillion—returning to its May peak.

As bitcoin, ethereum and other major cryptocurrencies rocket higher, bullish crypto investors are predicting a “ludicrously strong” rally through the rest of 2021.

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