Bitcoin (BTC) is outperforming a majority of altcoins, pushing its market share to its highest level since April 2021.
BTC has been riding on speculation that the SEC is ready to approve the first Bitcoin spot ETF which will attract billions of dollars to the digital asset.
Bitcoin (BTC) is leaving Ethereum (ETH), decentralized finance (DeFi), and a majority of altcoins in the dust. Since the start of the week, BTC is outperforming the rest of the crypto market. Earlier in the week, the digital asset rallied as high as $30,000 fueled by a Bitcoin spot ETF frenzy.
A leading news media had reported that the U.S. Securities and Exchange Commission (SEC) had approved BlackRock’s Bitcoin spot ETF application. As it turned out, this was not true. However, during the time the news floated, BTC had managed to rally from a little under $27,000 to a high of $30,000. This was a demonstration of the demand for the product in the market.
Interestingly, despite the news being debunked, BTC has man

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