B-well Collaborates with CANSA to create the Smart Choice Cookbook, Packed…The value of bitcoin has changed little over the past 24 hours, remaining at $34.3K – in the centre of the consolidation range of the past seven days. This ability to hold at new, much higher levels is inspiring altcoin buyers, and the market capitalisation of the entire market has increased by 0.6% over the past 24 hours.
Ethereum followed Bitcoin’s lead and broke out above its 200-week MA after a few weeks below it, breaking the shorter-term downtrend. In other similar cases, we’ve seen some solid and sustained gains. The rebound from the drop below $1500 has confirmed a long-term broad uptrend, with the upper boundary now near $2400. The bulls are likely targeting this upper bound.
Investment firm VanEck has filed an updated application with the US Securities and Exchange Commission to launch a spot bitcoin ETF. The regulator has previously rejected similar applications from VanEck three times. JPMorgan expects the SEC to approve many applications for spot bitcoin ETFs within the next two months.
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