Coinspeaker
Bitcoin Price Shoots Past $47,000 amid BTC ETF Deadline Nearing
The price of Bitcoin has surged past $47,000 for the first time since April 2022, coinciding with the approaching deadline for the United States Securities and Exchange Commission (SEC) decision on spot BTC ETFs.
Bitcoin (BTC) ticker indicates a value of $46,889, experiencing a rapid climb from $44,000 on Jan. 8. In the last 24 hours, it has surged by more than 6.5%, marking a remarkable 177% increase over the past 12 months and reaching a year-to-date high at $47,284.
Earlier today, major asset management players such as BlackRock, Fidelity, and Grayscale submitted revised S-1 filings to the US SEC. As part of this update, several issuers disclosed the fees that they intend to impose on investors. If the SEC indeed grants approval, the potential announcement has the capacity to further propel the price of Bitcoin upward, as highlighted by Joel Kruger, a market strategist at LMAX Group, in an email. Kruger wrot
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