Bitcoin saw a fleeting climb past $45,000 following amended filings by BlackRock Inc., Ark, and other potential ETF issuers, viewed by analysts as a final push to introduce these investment products.
The original cryptocurrency briefly surged by 2.1% to $45,207 before pulling back. Last year, Bitcoin soared nearly 160%, largely fueled by hopes of US SEC approval for these applications, reaching a 2024 peak of $45,911 on January 2nd.
BTC USD 30 min chart Source : TradingView
Alongside BlackRock and Ark, firms like Fidelity, Invesco, Galaxy Digital, and WisdomTree also updated their S-1 applications with the SEC. With the regulator’s deadline set for January 10, speculation among crypto insiders suggests a possible cluster of decisions being announced on that date.
Disclaimer: Not Investment Advice
it’s crucial to understand that the information provided here is not to be construed as investment advice. The crypto market is dynamic and highly speculative, and decisions should be made based on thorough personal research and consideration of individual risk tolerance. Always consult with financial professionals and conduct your own due diligence before making any investment decisions. The intention of this exploration is to present insights and trends, not to provide specific investment recommendations.
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