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Bitcoin Readies For Another Jaunt North, Pulls Coinbase, Cathie Wood’s ARKK Higher: The Bull, Bear Case For The Crypto

Bitcoin (CRYPTO: BTC) was spiking up over 2% during Wednesday’s 24-hour trading session, attempting to break above Tuesday’s high-of-day amid increased optimism that a spot Bitcoin ETF will gain SEC approval. The apex crypto’s move higher has helped to pull Coinbase Global, Inc (NASDAQ: COIN) north over the last few days. The crypto exchange has risen over 10% since Oct. 19 and appeared to be consolidating Wednesday on lower-than-average volume. Combined with a slight rebound in Tesla’s stock, Coinbase’s move higher helped the Cathie Wood-led ARK Innovation ETF (ARCA: ARKK) to spike higher on