Bitcoin SV

Bitcoin ETF

Bitcoin

Spot

<a href="https://bitcoinworld.co.in/bitcoin-rallies-past-45000-level-as-spot-btc-etf-deadline-nears/" title="Bitcoin Rallies Past $45,000 Level As Spot BTC ETF Deadline Nears" rel="nofollow"></a>
<ul> 
 <li style="font-weight: 400;" aria-level="1">Bitcoin (BTC) rallied above $45,000, buoyed by investors’ anticipation of a potential approval of spot Bitcoin exchange-traded funds (ETFs).</li> 
</ul> 
Bitcoin (BTC) rallied above $45,000, buoyed by investors’ anticipation of a potential approval of spot Bitcoin exchange-traded funds (ETFs) by the United States Securities and Exchange Commission (SEC). 
The price movement comes amid reports that the SEC may notify the 14 spot Bitcoin ETF applicants of its decision ahead of the January 10 deadline, increasing investors’ anticipation for the potential approval of the first ever spot Bitcoin ETF in the United States. 
On Tuesday morning in Asia, the largest cryptocurrency by market capitalization climbed 6.9% over the past 24 hours to <a href="https://coinstats.app/coins/bitcoin/">trade</a> at $45,463 at the time of writing, according to Coinstats data. This marked the first time Bitcoin surpassed the $45,000 level since April 2022. 
<figure id="attachment_61142" aria-describedby="caption-attachment-61142" style="width: 100%" class="wp-caption aligncenter">
 <img loading="lazy" decoding="async" class=" wp-image-61142" src="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-9-483x300.png" alt="" width="549" height="341" srcset="https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-9-483x300.png 483w, https://bitcoinworld.co.in/wp-content/uploads/BTC-Price-Chart-9.png 760w" sizes="(max-width: 549px) 100vw, 549px">
 <figcaption id="caption-attachment-61142" class="wp-caption-text">
 BTC Price Chart | Source: Coinstats
 </figcaption>
</figure> 
&nbsp; 
According to The Block, Analysts believe that the positive sentiment surrounding the potential ETF approvals is driving the current rally.&nbsp; 
See Also: <a class="row-title" href="https://bitcoinworld.co.in/bitcoin-sv-bsv-price-surges-by-over-110-is-it-time-to-invest/" aria-label="“Bitcoin SV (BSV) Price Surges By Over 110%, Is It Time To Invest?” (Edit)">Bitcoin SV (BSV) Price Surges By Over 110%, Is It Time To Invest?</a> 
Justin d’Anethan from crypto market maker Keyrock attributed the surge to news of Blackrock, Fidelity, and other spot Bitcoin ETF applicants confirming the names of brokers that would support their BTC operations. 
Markus Thielen from Matrixport predicts that Bitcoin may climb above $50,000 by the end of the week.&nbsp; 
He pointed to the lack of minting activities at Tether, indicating a lack of fiat inflows into crypto, but noted that the price rally suggests a lack of sellers in the market.&nbsp; 
Furthermore, Thielen stated that the high BTC funding rates suggest that the futures market is driving the spot market higher. 
The potential approval of spot Bitcoin ETFs in the United States is seen as a major milestone for the cryptocurrency industry, with Glassnode estimating over $70 billion in institutional capital inflows to these new Bitcoin investment products, if approved. 
<blockquote>
 Disclaimer: The information provided is not trading advice. Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
</blockquote> 
The post <a href="https://bitcoinworld.co.in/bitcoin-rallies-past-45000-level-as-spot-btc-etf-deadline-nears/">Bitcoin Rallies Past $45,000 Level As Spot BTC ETF Deadline Nears</a> appeared first on <a href="https://bitcoinworld.co.in">BitcoinWorld</a>.

Bitcoin Rallies Past $45,000 Level As Spot BTC ETF Deadline Nears

ItsBitcoinWorld

Altri articoli pubblicati su 2 gen 2024

Polygon Could Hit $1.82 If MATIC Breaks Out From This Pattern

VanEck’s director drums the importance of Bitcoin ETFs in the future

XRP Price Could Double, But Traders Look to Alternatives For Faster Growth

The Graph and Injective Protocol rally, YPRED looks bullish

Google and University of Cambridge Collaborate on Responsible AI Research for Societal Impact

Raiser Launches Merit-Based Investment Model for Web3 Investors

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!