Cryptocurrency sentiment is perhaps the only thing more volatile that crypto itself. Now the category is enjoying a major rally on the back of the potential approval for the first spot bitcoin exchange traded funds (ETFs) by the US Securities & Exchange Commission (SEC). The SEC’s window for the issuance or denial of approval orders closes this week, and the experts are upbeat.

CNBC reports: “Last week the price of bitcoin notched an 18-month high, climbing to $37,970, after [investment giant] BlackRock took first steps towards an ether ETF. The price of bitcoin has more than doubled since the start of 2023, but it’s still well below its November 2021 peak.”..

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