As the deadline for the U.S. SEC to approve a spot Bitcoin ETF approaches, Bitcoin bulls are setting their sights on $50,000.
Despite earlier speculation about a potential Bitcoin Spot ETF approval this week, Fox Business analyst Eleanor Terrett expresses uncertainty, suggesting it would be surprising if approvals happen so soon.
The world’s largest cryptocurrency Bitcoin (BTC) has given a strong run-up on January 1, gaining over 7% and shooting past $45,000. As the Bitcoin ETF approval date nears, Bitcoin bulls are currently aiming for $50,000.
Bitcoin has achieved a milestone by surpassing $45,000, marking its highest value in almost two years. The surge is attributed to growing anticipation surrounding the potential approval of an exchange-traded fund (ETF) directly investing in the leading cryptocurrency.
With a climb of over 20% since the beginning of December, Bitcoin’s upward trajectory aligns with the approaching January 10 deadline for the US Securities and Exchange Commis

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