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Bitcoin Breaking Out As Traders Await SEC Decision

From tickmill.com

Bitcoin prices broke out to their highest levels yesterday since early 2022. The driver behind the move is ongoing optimism ahead of the upcoming SEC deadline tomorrow. The SEC is due to decide on a batch of spot-Bitcoin ETF applications which, if approved, will grant mainstream financial institutions access to the crypto markets for the first time. Expectations of a positive result have driven the Bitcoin rally over recent months with bulls anticipating a fresh wave of demand from Wall Street and the broader financial sector. Optimism Ahead of SEC Deadline This week, optimism has been bolstered by news of a slew of ... (full story)

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  • Category: Technical Analysis