Bitcoin briefly surged to the $49,000 mark as ETFs drove trading volumes

After the SEC of America (SEC) historically approved the SpotBitcoin ETF, the Crypto Assets's price soared, briefly breaching the $49,000 mark. Bitcoin (BTC. CC) has now seen a 45% increase in trading volume over the past 24 hours after U.S. SEC Chairman Gary Gensler approved 11 SpotBitcoin ETFs on January 10. According to Crypto Quant data launched by its founder, Ki Young Ju, the OTC TradingBitcoin's daily trading volume peaked at $7.7 billion, which is the second-highest trading volume in its history.