While Bitcoin (BTC) and cryptocurrencies opened the day with a big rise, the reason behind it began to be wondered.
Bitcoin TSI last night 28,550 from dollar levels 3%with an increase close to to $29,400 increased by . In this process Ethereum (ETH), Ripple (XRP), major cryptocurrencies and other Greening in altcoins was seen.
The most valuable altcoin of the day with the futures listing from Binance 26% growing Bitcoin SV (BSV) It is the only cryptocurrency approved by the US Securities and Exchange Commission (SEC). Stacks (STX) And in Solana (SOL) The rise was noticeable.
Why is Bitcoin rising?
Investment giant BlackRock iShares spot Bitcoin exchange-traded fund (ETF) Fake news about the application being approved is on Bitcoin 2 thousand dollar rise And fall had triggered it. However, despite this development, Bitcoin 9.5% growth in a 7-day period managed to perform.
Cathie Wood, CEO of investment company Ark Invest, recently There has been a major change in the SEC’s behavior. and between them healthy a communication stated that it was provided. Wood and many market commentators commented on this development. Chances of spot Bitcoin ETF applications increase He commented:
Sent to issuers by the SEC in line with e-mail institutions updated their applications one by one and the communication between them had attracted great attention. Between the regulator and ETF issuer companies warm communication great positive signals of approval He had given it.
Even fake news can be detected within minutes. 2 thousand dollar rise It is estimated that this trigger inflamed investors. Increasing beliefs about approval also affect investors’ He turned to Bitcoin and paved the way for purchases. is considered.
On the other hand, TSI last night SEC to Ripple executives The fact that the charges against the regulator dropped the charges against cryptocurrencies is as important as before. It brought to mind that he did not have a harsh attitude. With the development, Ripple gained its biggest single-day gain since July. Bitcoin And to other cryptocurrencies was also reflected.