Ether jumps 20% on renewed optimism for an ETF, bitcoin also rallies

Cryptocurrencies rose Tuesday amid a late surge in optimism around the U.S. Securities and Exchange Commission’s decisions on spot ether exchange-traded funds applications, the first of which is due this week.

Ether led the rally, rising 11% to $3,744.43, according to Coin Metrics, after rocketing 20% on Monday.

Meanwhile, bitcoin added 2% and was trading at about $71,350, extending an 7% gain from the…