Major cryptocurrencies experienced a significant surge on Wednesday evening, driven by increased accumulation of BTC by large holders and as investors weighed afresh batch of strong corporate profits. What Happened: Bitcoin surged from $42,500 to a peak of $44,700 in a single day, marking its highest value since Jan. 12, when spot bitcoin exchange-traded funds (ETF) were first introduced for trading in the United States. Following a lengthy regulatory process, theSecurities and Exchange Commission (SEC) granted approval to a series of ETFs last month. During this period, the price of Bitcoin r…
