The post Money Printing, Bitcoin ETFs and Legal wins, spike crypto prices appeared on BitcoinEthereumNews.com.

Bitcoin price has increased 3.40 % in the past 24 hours reaching the 29.5K mark, with Ethereum following closely behind with an increase of  3% with the biggest gainers being Ripple’s XRP and Solana which have seen 6% increases in past 24 hours and surprisingly Bitcoin SV which has seen a surge of 22%. Even the price of Stacks (STX) has increased by 13.07% to $0.6051 in the past 24 hours, The global crypto market capitalization is now over $1 trillion standing at $1.12 trillion, a 3.6% increase in one day. This has crypto fans and investors optimistic with some stating that if Bitcoin goes above 30K it will reach 56K by end of year. So what is happening to the cryptocurrency market and why? Bitcoin ETF Many market experts predict that there will be an approval for spot Bitcoin ETFs in the USA. As per some report a Bitcoin ETF approval could help solve the crypto liquidity issue, generating $600 billion in new demand. Capriole Investments suggested that gold instantly sprung out of a bear market to generate a 350% return after gold ETF was approved. Coinbase is confident that a U.S. bitcoin exchange-traded fund will be approved by the Securities and Exchange Commission, the company’s chief legal officer, Paul Grewal, told CNBC on October 20th 2023. U.S. Court of Appeals Circuit Judge Neomi Rao sided with Grayscale Investments in its case against the U.S. Securities and Exchange Commission on Aug. 29, many large institutions filed for ETFs. On Oct. 14, Grayscale was dealt another victory as the SEC reported it would not appeal this decision. The decision not to appeal may have led to Grayscale filing for a new spot Bitcoin ETF on Oct. 19. Bharain based crypto broker and exchange CoinMENA Founder and CEO Talal Tabaa speaking…

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Filed under: News - @ October 20, 2023 11:16 pm