Shiva Ganesh
Bitcoin surged over $71,000, reaching its highest point since early April.
The crypto market is buoyed by renewed hopes for U.S.-listed Ether ETFs, with Bloomberg analysts raising the approval odds to 75%.
Over $260 million in short liquidations occurred in the market, with Ether shorts losing over $115 million.
Wall Street is bracing for the launch of Ether ETFs this summer, with major firms like BlackRock and Fidelity filing applications.
Ether has outperformed Bitcoin, surging 27% so far this year, fueled by the ETF hype and the possibility of being next after the spot Bitcoin ETF approval.