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Bitcoin Rally Continues As ETF Optimism Increases
Bitcoin is ending the week at highs with the futures price seeing a more than 6% rally yesterday. The move comes amidst a fresh uptick in expectations that the SEC will soon approve spot BTC ETF applications. Notably, the market has shaken off negative news flow this week around Binance. News came earlier in the week that criminal charges have been brought against Binance, for which it will pay $4.3 billion in fines, along with the guilty plea and exit of founder Changpeng Zhao. Bulls look to be taking the view that the prosecution will ultimately serve the interest of the market given the SEC’s concerns over ... (full story)