Bitcoin

Optimism

Spot

Coin

<ul class="news-points"> 
 <li>Spot Bitcoin ETF approval speculations have driven upward surges in the crypto market since October.&nbsp;</li> 
 <li>Analysts predict that the SEC could approve an ETF by January 2024 and catalyze a bull cycle.&nbsp;</li> 
 <li>Bitcoin peaked at $44.4K yesterday but has since rebounded back to the $43K level.</li> 
</ul> 
Since October, speculations around a <a href="https://coinedition.com/etf-approval-priced-in-not-until-btc-sees-90k-says-one-analyst/">spot Bitcoin Exchange-Trusted Fund (ETF) approval</a> have catalyzed a broader market recovery. In that timeframe, Bitcoin notched a new annual high. 
Indeed, a noted change of attitude at the U.S. Securities and Exchange Commission (SEC) toward an ETF approval reportedly propelled the recent crypto market resurgence. While the earlier part of this year was marked with frustrating delays by the regulator towards the <a href="https://coinedition.com/grayscale-submits-revised-bitcoin-etf-filing-with-minimal-amendments/">ETF filings</a>, reports suggest the SEC may have softened its approach.&nbsp; 
Experts <a href="https://coinedition.com/90-chance-of-bitcoin-etf-approval-by-january-10-analyst-predicts/">predict</a> an approval could come as early as January, with billions of dollars expected to flow into the space immediately.&nbsp; Furthermore, analysts forecast the approval would set the crypto ecosystem on course for another bull cycle, potentially stronger than previous cycles.&nbsp; 
Notably, analysts expect Bitcoin to possibly peak at an all-time record high of aroun…
The post <a href="https://coinedition.com/bitcoin-etf-investors-optimism-high-in-anticipation-of-an-sec-approval/">Bitcoin ETF: Investors’ Optimism High in Anticipation of an SEC Approval</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Bitcoin ETF: Investors’ Optimism High in Anticipation of an SEC Approval

Coin Edition

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