Return to $60,000 Range After 6 Months
Expectations Grow for First Bitcoin Futures ETF Trading Next Week
Bloomberg: "SEC Will Approve Bitcoin Futures ETF"
[Asia Economy New York = Correspondent Baek Jong-min] The price of the cryptocurrency Bitcoin has surpassed $60,000. It is the first time in about six months since last May. Analysts attribute this to the news that the approval and trading of Bitcoin futures exchange-traded funds (ETFs) are imminent, which has stimulated investor sentiment.
As of 10 a.m. local time on the 15th, according to CoinMarketCap, the price of Bitcoin is trading at $60,029, up 4.59% compared to 24 hours ago.
Bitcoin had risen to $65,000 last May but then dropped nearly 50%. However, it quickly broke through $60,000 following last month's rise to $50,000.
Compared to Bitcoin, altcoins’ upward momentum has slowed. Ethereum, the second largest cryptocurrency by market capitalization, is trading at $3,810, up 1.42%.
As Bitcoin’s upward trend stands out, its share of the total cryptocurrency market has also risen to 46.3%.
The strong performance of Bitcoin on this day was triggered by a Bloomberg report that the U.S. Securities and Exchange Commission (SEC) is likely to allow the launch of Bitcoin futures ETFs.
CNBC also forecasted that, assuming SEC approval, the 'ProShares Bitcoin Strategy ETF' is highly likely to begin trading on the New York Stock Exchange on the 19th.
The SEC’s Office of Investor Education and Advocacy advising on Twitter that "investors should carefully consider the potential risks and benefits before investing in funds that invest in Bitcoin futures" was also interpreted as a sign that the approval of Bitcoin futures ETFs is imminent.
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