Bitcoin continues to reach new highs. For example, last night the major cryptocurrency rose to just over $47,000; This hasn’t happened since March 2022, almost two years.
At the time of this writing, the rate was around $46,800, but market volatility is still quite high. According to experts, the situation may change a lot the next day.
According to CNBC, tomorrow, January 10, the US Securities and Exchange Commission (SEC) will simultaneously approve several Bitcoin ETFs that will allow institutional investors to buy bitcoin. The tender is expected to start on Friday, January 12.
If the rumors are confirmed and a large amount of money flows into Bitcoin, the rate could increase significantly. At the same time, do not forget about short-term investors or speculators and miners who try to lock in profits, which can lead to a collapse of rates.
Source: Port Altele
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