The post quotation and very positive forecasts appeared on BitcoinEthereumNews.com.

Yesterday both the Bitcoin price and the forecasts on its price have become positive.  Indeed, the market value of BTC has returned above $70,000, something that had not happened since before the halving on April 20th.  The jump in the quotation and the new forecasts on the price of Bitcoin Yesterday morning the price of Bitcoin was around $67,000. It was a level absolutely in line with that of the previous two days, but during the day some decidedly promising positive signals appeared.  Indeed at a certain point it started to rise, bringing itself above the 68,000$. This was already a level beyond which the price of Bitcoin had not returned since April 13, i.e. since the pre-halving drop that anticipated the sell-the-news following the event. At that point it already seemed clear that the post-halving sideways movement was about to end, and during the day things actually went even better.  The news about ETFs Yesterday evening a news was published that made BTC price jump even further, and especially that of Ethereum. The news is that, according to Bloomberg experts, the approval of spot Ethereum ETFs by the SEC would go from unlikely to probable. Update: @JSeyff and I are increasing our odds of spot Ether ETF approval to 75% (up from 25%), hearing chatter this afternoon that SEC could be doing a 180 on this (increasingly political issue), so now everyone scrambling (like us everyone else assumed they’d be denied). See… https://t.co/gcxgYHz3om — Eric Balchunas (@EricBalchunas) May 20, 2024 At that point, the price of ETH suddenly jumped from $3,150 to $3,440, and during the night it even pushed above $3,600.  It is levels that Ethereum had not seen since April 9, even though they are almost 10% lower than the annual highs of 2024, and 25% lower…

---

Filed under: News - @ May 21, 2024 10:22 am