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Starting with a report on Businesshour 24.com US Foundation ETF, my first post.
Last Monday 15 January 2024 The
US Securities and Exchange Commission (SEC) approves Bitcoin investment through ETF. The following day last Thursday Hive jumped to 0.373. Hive tried to go higher but BTC took a bearish form and couldn't.ETF news but Bitcoin went down instead of up. And because of that, Hive couldn't keep up his pace. Hive is lower than before.
https://businesshour24.com/wp-content/uploads/2024/01/Source
The US Securities and Exchange Commission (SEC) last Wednesday approved investing in Bitcoin through ETF. As a result, investors can now invest in Bitcoin through traditional investments. According to Reuters news, this approval is a landmark event in the world of cryptocurrency.
Meanwhile, the price of Bitcoin has been increasing since the beginning of this year; And the prices of other cryptos are also rising. Bitcoin reaches its highest price in 22 months. As of last Wednesday morning, it has crossed 47 thousand dollars. Bitcoin price reached this level for the first time since April 2022.
Earlier, in November 2021, the price of Bitcoin reached a record high of $69,000. As a result, crypto is still far from peak levels. Bitcoin has been bullish since the start of the year on hopes that US securities regulators may approve bitcoin ETFs. Many believe that it will increase after ETF approval. https://businesshour24.com/114747/ sources I have shared part of it from here.