Bitcoin Price Soars Past $36K as Crypto Market Adds $600B on Prospect of SEC Approving Spot ETFs
-
Bitcoin price has surged above $36,000, nearing $40,000 for the first time since May 2022. This has helped add $600 billion to the crypto market.
-
An 8-day window between November 9-17 could see approval of 12 Bitcoin spot ETF filings with SEC. This could bring in Wall Street giants managing $17.7 trillion.
-
BlackRock, Bitwise, VanEck, WisdomTree, Invesco, Fidelity & Valkyrie have spot Bitcoin ETF filings with SEC.
-
Grayscale won legal challenge against SEC denial to convert its Bitcoin trust to spot ETF. This could influence decisions.
-
Technical analysis suggests Bitcoin could breach $40,000 soon. $41,000-45,000 seen as suitable target.