Friday, Dec. vi — crypto markets have continued to rebound later a sharp sell-off on Dec. 4, with Bitcoin (BTC) briefly reclaiming $vii,500.

The bullish momentum is observed beyond all the top twenty cryptocurrencies by market place capitalization, with just Bitcoin Cash (BCH), Litecoin (LTC) and Unus Sed Leo (LEO) seeing some losses at the time of writing.

Meanwhile, Chainlink (LINK) and Cosmos (Atom) are reporting the biggest gains among the top xx over the past 24 hours, both up around 4%, according to Coin360.

Market visualization. Source: Coin360

Market visualization. Source: Coin360

After trading around $7,400 price point for the better part of the day, Bitcoin spiked to striking an intraday high of $7,576 in a matter of minutes. At the time of publication, the major cryptocurrency is up ane%, trading at $seven,450.

Despite renewed upward movement, Bitcoin is still downwardly over 3.5% on the past seven days equally it failed to retest $7,800 on Nov. 30. Over the past 30 days, Bitcoin is nevertheless downward effectually 20% from $ix,286.

Major U.S. financial regulator approves a new BTC futures-focused fund

The new spike in Bitcoin's cost comes alongside news that the Us Securities and Exchange Commission approved another Bitcoin derivatives fund. As reported by Cointelegraph, BTC futures-focused NYDIG Bitcoin Strategy Fund is now allowed to offering its shares to institutional investors.

The upward movement on crypto markets may be acquired past the approaching Christmas holidays, according to a new report from analysts at crypto exchange SFOX. According to the researchers, Bitcoin searches on Google normally height before holidays, not after. As such, on Nov. 28 — Thanksgiving in the U.S. — Bitcoin saw three consecutive days of price growth, the firm stated.

Meanwhile, Twitter crypto personality Bitcoin Macro recently predicted that 2022 will be a "mind bravado twelvemonth for crypto," while "2019 was, and even so is, the year to accrue."

Bitcoin 24-hour price chart. Source: Coin360

Bitcoin 24-60 minutes price nautical chart. Source: Coin360

Ether (ETH), the second cryptocurrency by market cap, edged upwardly 1% to trade at $150. Over the past seven days, ETH is down four%.

Ether seven-day price chart. Source: Coin360

Ether seven-twenty-four hours price chart. Source: Coin360

XRP, the third top cryptocurrency by marketplace cap, is seeing one of the biggest gains amidst the top twenty coins by marketplace cap at press time, up 3.five% to trading at $0.225. Over the by seven days, XRP is downward 2.3%.

Ripple seven-day price chart. Source: Coin360

Ripple 7-24-hour interval price chart. Source: Coin360

The total market place capitalization accounts for $202.five billion at the fourth dimension of publication.

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