On today's Crypto Report we look at Bitcoin's bullish run. It had a 1.6% surge, propelling its price to $28,366.08. This uptrend has persisted since last Sunday, with Bitcoin hovering just shy of the $29,000 mark for the past two days, marking a 6.9% monthly gain.
The buzz surrounding the imminent launch of BlackRock's Bitcoin Exchange-Traded Fund (ETF) is largely responsible for this surge. Market experts highlight the significant impact of inaccurate ETF approval news on the crypto market. With BTC/USD witnessed a staggering one-day volatility spike.
This is just a glimpse into the positive sentiment and high demand an ETF would generate, emphasising the market's readiness to respond to crypto news.
Additionally, the U.S. Securities and Exchange Commission (SEC) unveiled its 2024 examination priorities, prominently featuring intensified monitoring and examinations related to cryptocurrencies.