Cryptocurrencies
Bitcoin Touches Six-Week High; Ether Futures ETFs Begin Trading
- OrBit Markets sees $30,000 as next key test for Bitcoin
- Trial of Bankman-Fried is scheduled to start in US Tuesday
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Bitcoin touched a six-week high before paring gains, while the first-ever US exchange-traded funds based on Ether futures began to trade.
Smaller peers including Ether, Litecoin and Solana were also initially higher before turning negative. The volatility comes as traders await the trial of Sam Bankman-Fried, founder of bankrupt crypto exchange FTX, which is scheduled to begin Tuesday.