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Bitcoin price jumped above the psychological level of $70,000 in the overnight session as sentiment in the industry improved. The BTC/USD pair was trading at 70,100 as bulls targeted last week’s high of over 72,000. Bitcoin’s rally has accelerated after the Securities and Exchange Commission (SEC) gave its blessing for three spot Ether ETFs. These funds ...
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In late May headlines of the SEC approval of a spot Ether ETF pushed the cryptocurrency up almost 30%. Jim Iuorio, with TJM Institutional Services, says, "Will a spot ether ETF prove to be as much of a tailwind for ether as it was for bitcoin?