![]() The Securities and Exchange Commission (SEC) made the announcement on December 1st that the last deadline for rebuttal comments would be January 5th, 2024. This exponential surge may be mostly due to the expectation that has surrounded the approval of a spot Bitcoin Exchange-Traded Fund (ETF) by the Securities and Exchange Commission (SEC) of the United States of America. ![]() According to the most recent market report provided by QCP Capital, this development brings Bitcoin's gain for the year to date (YTD) to a total of 260%. One another extraordinary jump in Bitcoin (BTC) has occurred on the cryptocurrency market, with the price of Bitcoin increasing by fifteen percent in just the first week of December. ![]() Other alternative cryptocurrencies, on the other hand, have trailed behind the two most renowned cryptocurrencies.Ī 15% Increase in Spot Bitcoin December: Keeping an Eye on the Possibility of SEC Approval The weekly chart shows that Bitcoin (BTC) has had a 15% increase, with Ethereum following the trend. Despite this, it is quite likely that the rise is still in its preliminary phases, and Bitcoin is getting ready to witness further rewards in the months to come.Īs this article is being written, the cryptocurrency is now trading around $43,300, regaining levels that were last seen in 2022, prior to the fall that sent it to its annual lows. Following a week in which it broke through important resistance levels, the price of Bitcoin slowed down its ascent. ![]()
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