Bitcoin Price Surges Past $35K Despite Looming SEC Crackdown
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Bitcoin price has surged in 2023, doubling since the start of the year and topping $35,000.
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Analysts warn SEC chair Gary Gensler could "rug pull" the crypto market with new regulations.
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Gensler has cracked down on crypto companies and sued major exchanges like Coinbase and Binance.
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Analysts say approval of a bitcoin spot ETF could trigger an "exponential" bitcoin price boom.
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Some say bitcoin's recent rally is more due to macro forces than potential for a spot ETF approval.