Bitcoin Price Jumps Above $31K on Optimism for SEC Approval of Spot ETFs

Bitcoin price crossed $31K for the first time since July, up over 4% in 24 hours

Momentum driven by optimism around potential SEC approval of a spot Bitcoin ETF

BlackRock, Fidelity, Grayscale made moves towards launching spot Bitcoin ETFs

JPMorgan predicts SEC will approve a spot ETF within months

$31K an important resistance level; breaking it invalidates a bearish indicator per analysts