Bitcoin Price Surges Past $35k on Growing Institutional Demand and Anticipation of SEC Approving Bitcoin ETF

Bitcoin price rallied above $35k after consolidating for 7 months below $32k resistance. Further upside expected.

Possible catalysts include anticipation of SEC approving Bitcoin ETF, expectations of Fed monetary easing, and institutional accumulation ahead of ETF.

CME Bitcoin futures open interest exceeded 100k BTC for the first time, signaling increased institutional interest.

Bitcoin decoupling from equities as institutions accumulate spot BTC and hedge with futures.

If institutions are buying Bitcoin en masse, SEC approval of Bitcoin ETF appears imminent.