BTC price grew from $43.2 thousand to a new 19-month high of $47.1 thousand during the US trading session. As a result, Bitcoin has gained almost 7% in price in the last 24 hours.
According to LMAX strategist Joel Kruger, the main crypto can grow in price by 10-15% if the SEC approves spot Bitcoin ETFs this week. In case of disapproval, the cost is probably adjusted, but the price of BTC will not fall below $30 thousand.
Recall that BlackRock, Fidelity and Grayscale previously submitted updated S-1 applications to the U.S. Securities and Exchange Commission (SEC), and several issuers even disclosed the amount of fees they will charge investors.