Major cryptocurrencies recently skyrocketed on Sunday evening, thanks to Bitcoin’s phenomenal performance throughout the week. It all started when Bitcoin exceeded $31,000 on Monday. But it didn’t stop there. Bitcoin’s price continued to soar, reaching $32,000 and even $34,000 all in one day.

CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Bitcoin BTC/USD+12.33%$34,043Ethereum ETH/USD+6.23%$1,780Dogecoin DOGE/USD+8.00%$0.066

What Happened: The world’s largest asset manager, BlackRock, is making progress in preparing its proposed bitcoin ETF, as experts in the industry have identified positive indicators that such products may be approved. BlackRock’s upcoming iShares Bitcoin…

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