Access COINTURK FINANCE to stay updated with the latest financial and business news. On May 19, the largest cryptocurrency faced challenges in maintaining a position above $66,000, experiencing multiple dips below this threshold. However, on May 20, a remarkable turn of events unfolded. Amidst speculation that the US SEC might grant approval for eight spot Ethereum ETF funds that week, Bitcoin witnessed an extraordinary surge, surpassing $5,000 for the first time in six weeks and nearing the $72,000 mark. Unfortunately, Bitcoin’s upward trajectory was short-lived as it soon began to decline in value in the subsequent days.
