The spot Bitcoin ETF approval that the cryptocurrency market has been waiting for months has finally come from the SEC.
Spotlight eagerly awaited by Bitcoin and cryptocurrency investors Bitcoin ETFs Approval was received from the US Securities and Exchange Commission (SEC). The approval given to buy and sell Bitcoin on exchanges like a stock is a turning point for the cryptocurrency market.
Exactly one day before the actual approval given by the SEC, the regulator’s Twitter account was hacked and spot Bitcoin ETF A statement was made stating that the approval was given. With this announcement, the Bitcoin price increased, but investors felt that the increase was limited. Later The actual approval did not have a big impact on the price.
Bitcoin price at the time of confirmation $46,000 continued to remain stagnant at its levels for a long time. While it seemed that the investors were uncertain about what to do, the price decreased at around 02:00 GMT. $47,600 rose to levels. The main reason for this rise is Twitter’s owner. Elon Musk’s to social media platform Bitcoin integration It is thought that there are explanations that can provide
The price retreated from the level it rose to the area where Bitcoin ETF approval came. However, in this process Ethereum (ETH) and major altcoins showed an upward performance.
According to CoinGecko data, Bitcoin in the last 24 hours 0.3% with decline from $45,916 is being traded.