BTC/USD: Bitcoin Shoots Up 7% to Cross $70,000 as Bargain Hunters Flock Back to Risk

OG token seems to have mastered the art of coming back stronger. Can it pop above the $73,000 record by the end of the quarter?

Key Points:

• Bitcoin pops 7% to trade above $70K.
• On track to close out a solid quarter.
• BTC halving to keep traders on edge.
• Bitcoin BTCUSD jumped more than 7% over the past 24 hours, landing the token at a price tag of more than $70,000 a piece. Crypto traders felt optimistic to return to the risk asset as the bargain-hunting sentiment made a powerful comeback to start the trading week. The valuation of BTC got up to roughly $1.4 trillion.
• Digital assets are looking to close out a monumental quarter with Bitcoin sitting at a new all-time high of $73,000 logged earlier this month. But before that, and more importantly, the top cop on Wall Street—the Securities and Exchange Commission—gave the go ahead for 11 spot Bitcoin exchange-traded funds (ETFs) that are winding up to change the investment landscape.
• Looking ahead, April is bound to be another milestone month for the original cryptocurrency. Digital asset communities around the world are gearing up to welcome the so-called Bitcoin halving event when the incentive to mine BTC will be slashed in half. Volatility could start picking up way before the expected halving date on April 19.