❕ Bitcoin is flying to storm to $38,000, its highest since May 2022, meaning the market's losses from the LUNA-UST crash have been chipped away.
Bitcoin rose to an 18-month high amid possible approval of a spot Bitcoin-ETF in the US. Analysts at Bloomberg give a 90% probability of approval by January 10, 2024, but some expect a decision sooner. Experts at Matrixport predict bitcoin could reach $56,000 by the end of December based on historical data.
In addition, according to analysts at Bloomberg, the SEC has a window to approve all 12 applications for bitcoin-related exchange-traded funds (ETFs) by Nov. 17. After that, consultation on the applications will begin. This was made possible after Grayscale's victory in court.
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Bitcoin rose to an 18-month high amid possible approval of a spot Bitcoin-ETF in the US. Analysts at Bloomberg give a 90% probability of approval by January 10, 2024, but some expect a decision sooner. Experts at Matrixport predict bitcoin could reach $56,000 by the end of December based on historical data.
In addition, according to analysts at Bloomberg, the SEC has a window to approve all 12 applications for bitcoin-related exchange-traded funds (ETFs) by Nov. 17. After that, consultation on the applications will begin. This was made possible after Grayscale's victory in court.
... [ next post ]
Join 👉🏼 Telegy | Crypto