BTC has seen a record overnight rise of over 15% since early December and is gradually gaining momentum. Experts predict that the growth will reach up to 50 thousand dollars. Growth and optimistic forecasts for Bitcoin are attributed to the upcoming January 10 recognition of spot ETFs by the American regulator, the Securities and Exchange Commission (SEC).
As Bloomberg writes, some traders in the US and Europe are afraid of missing out on profits ahead of the upcoming approval and have already begun “buying on January 1 first thing on New Year’s morning.”
The crypto community hopes to continue this trend and pour billions of dollars into the asset after SEC approval.
Source: Ferra
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