The cryptocurrency market turned positive on Friday following Thursday’s news that the US Securities and Exchange Commission (SEC) was offering final comments to issuers, possibly paving the way for Bitcoin spot exchange-traded fund (ETF) approval, with the market capitalization gaining 1 percent to reach $1.74 trillion. As of 1300 hours GMT, the price of Bitcoin, the world’s oldest and most valued cryptocurrency, surged to $43,927 with a gain of 1.2 percent in the last 24 hours. The market capitalization of the biggest crypto has reached $860.6 billion with this increase. Bitcoin has been 2.4 percent up in the past seven days. Bitcoin briefly breached the $44,000 level following Thursday’s news that the SEC was offering final comments to issuers, possibly paving the way for Bitcoin spot ETF approval. This recovery erased Wednesday’s crash, reinstating optimism in the market. Earlier, Bitcoin saw a decline after surpassing the $45,000 mark on Thursday. Similarly, Ether (ETH), the world’s second-largest cryptocurrency by market capitalization, inched up by 0.2 percent to reach $2,245. With this increase in price, the market capitalization of ETH has reached $269.8 billion. ETH has shed 5.3 percent of its value during the last seven days.