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.
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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.
Source: E15.cz by www.e15.cz.
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