
Bitcoin’s brief rally to $49k and subsequent decline to $46k liquidates $100M in 4 hours
The newly launched Bitcoin ETFs are enjoying record trading activities within their early hours of trading.
Track crypto price watch updates, sharp market moves, key levels, and fast reactions to breaking developments across digital assets.

Bloomberg ETF analyst Eric Balchunas expects the SEC will make the official approval announcement between 4pm to 6pm Eastern Time.

Lee believes that institutional adoption will increase the legitimacy of Bitcoin and attract large-scale investments, boosting demand and, consequently, its price.

Gary Gensler announced on Twitter the SEC account was compromised and the ETFs have NOT been approved yet.

Bitcoin's surge to $47.1k fueled by ETF optimism and a broad cryptocurrency market rally.

The co-founders statement comes after industry backlash on the firm's latest Bitcoin report, which prominent analysts say is based on pure speculation.

Matrixport stated that the SEC might reject ETF applications because of the SEC's compliance demands.



