Kaiser55
vip

The SEC's time is up. This body, which is the regulator of the stock market in the United States, has until Jan. 10 to announce whether or not it approves spot bitcoin ETFs (BTC). This means that between Monday and Wednesday of the current week the long-awaited news will be given.



Both the SEC and the companies seeking approval to launch bitcoin ETFs (there are more than a dozen applications) have given signals that the decision would be positive, and therefore the ETFs would be approved.

In this context, the price of bitcoin has been reacting upwards. And for the first time — at least since BTC has been listed on major exchanges — it formed a golden cross (or golden cross) on a weekly basis. This technical analysis pattern occurs when the 50-period moving average crosses above the 200-period moving average.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-a5f12a2fvip
· 2024-01-08 13:08
把握趋势,狂赚2024 ✌️
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)