Bitcoin Rockets to $38,000: 5 Key Factors Behind the Surge

The cryptocurrency market is buzzing with anticipation following the prospect of the US Securities and Exchange Commission (SEC) granting approval to various spot Bitcoin ETFs. The approval window, which commenced on November 9 and extends until Friday (November 17), has sparked optimism among experts.
Analysts such as James Seyffart and Eric Balchunas from Bloomberg estimate a 90% chance of approval for multiple filings by January 10, 2024—the final deadline for Ark Invest's filing. This development signals the potential for a significant evolution in the regulatory landscape for Bitcoin-based exchange-traded funds in the coming months. KEEP READING