Bitcoin is approaching the $ 60,000 mark

Shortly after 9:00 a.m. Central European Summer Time, bitcoin sold for about $ 59,580, according to the CoinDesk website. In the last 24 hours, it has gained 3.3 percent. At the highest in the last 24 hours, bitcoin rose to $ 59,961.

According to Bloomberg, the US Securities and Exchange Commission (SEC) is going to allow trading with the first US ETF fund tied to bitcoin futures next week.

The rise in bitcoin rates above $ 59,000 has not been accidental, and long-term investors have been accumulating bitcoin for a long time, said Ben Caselin, head of research and strategy at the Asian AAX cryptocurrency exchange. “It is generally believed that developments in the United States around the bitcoin-focused ETF will progress significantly in the fourth quarter,” he said.

Investments of 2021: Commodities, stocks, cryptocurrencies and bonds

The SEC’s enlightenment tweet also contributed to today’s strengthening of the cryptocurrency. “Before investing in a fund that holds bitcoin futures, make sure you carefully consider the potential risks and benefits,” the regulator said on social media.

Analysts justify the increase in the price of bitcoin by a number of factors, such as a decrease in fears of regulatory action against cryptocurrencies. According to Reuters, the prospect of the US regulator approving the ETF also contributed to it. Investors believe that this will contribute to a more general acceptance of cryptocurrencies.

In the United States, several fund managers, such as VanEck Bitcoin Trust, ProShares, Invesco, Valkyrie and Galaxy Digital Funds, have applied to register bitcoin-linked ETFs. Such instruments have been traded in Canada and Europe since this year.

Solana's growth took us by surprise.  I'm a little afraid of development, says one of the early investors in cryptocurrency
We will not limit cryptoactive assets, said Dědek from the CNB.  But according to the bank, there can be no question of currencies

Source: by

*The article has been translated based on the content of by If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!

*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.

*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!