Bitcoin edged slightly higher on Thursday, following comments from the Chair of the U.S. Securities and Exchange Commission (SEC), Gary Gensler. Gensler said the commission was currently reviewing eight to ten applications from firms looking to launch a bitcoin exchange-traded-fund (ETF).
Bitcoin
Bitcoin snapped a two-day losing streak on Thursday, as markets reacted to comments on spot bitcoin ETFs from SEC Chair Gensler.
BTC/USD peaked at $28,566.75 on the news, following a low of $28,174.25 during Wednesday’s session.
Today’s move comes as bitcoin bulls pushed price back above a recent floor at the $28,200 level.
Looking at the chart, the bounce comes as the 14-day relative strength index (RSI) jumped at a support point of its own at 63.00.
Currently, the index is tracking at 64.35, which is marginally below the next point of resistance at 65.00.
In order for bullish momentum to intensify, this ceiling will first need to be broken in the coming hours or days.
Ethereum
Ethereum (
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