Bitcoin price saw the level of 60 thousand dollars! Here’s why

long fluctuating bitcoin price again 60 thousand dollars saw its value. Contrary to expectations, this rise is not without reason. US Securities Exchange Commission (SEC) today paved the way for exchange-traded funds featuring Bitcoin contracts. that removes the barriers SEC by decision bitcoin price reached a record level in the last six months.


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Bitcoin and Ethereum price rises altcoins crushed

US Securities Exchange Commission SEC yet bitcoin based mutual funds have not been approved. However, the commission has given preliminary approval for this process, which started last month. Thanks to these mutual funds, it will be possible to buy and sell these mutual funds based on Bitcoin value through legal procedures. This step is the first serious step in terms of integrating Bitcoin and other cryptocurrencies into the existing system.

After this serious step came from the USA, bitcoin price From 57 thousand dollars 60 thousand jumped to dollars. For now, the value of the main cryptocurrency 59 thousand 900 dollars roaming its borders. Bitcoin price record if 64 thousand was dollars. It is a matter of curiosity whether the crypto money will be able to see this level after the long fluctuation, which has fallen to almost 20 thousand dollars.

Bitcoin price is just below the $60,000 level, according to CoinMarketCap data

This sharp rise of Bitcoin started to recover yesterday. to the altcoin market it didn’t work. Especially at $480 yesterday’s stars BNBToday, it anchored at $460 levels. Ethereum if Bitcoin 60 thousand dollars despite his rally 4 thousand dollars continues to progress with firm steps. However, the rise of Bitcoin caused Ethereum’s climb to slow down as well.

What is the star of the day in the cryptocurrency market, NuCypher (NU), why did it rise?

Although reds dominate the altcoin market, NuCypher Cryptocurrency has seen a huge rise today. In the markets with the Nu symbol cryptocurrency It gained a huge value of 420 percent. Ethereum-based cryptocurrency Despite its history that started in 2017, it only established its own network in 2020.

The project basically aims to add a layer of privacy to blockchain projects. Behind this high increase seems to be a major network update that the project made in October.

In the news, information about the general situation of the crypto money market was written. The information contained herein is not investment advice.

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