The leading cryptocurrency surpassed the $42,000 level again about two hours before the daily close, taking its annual peak to a higher level. The price reached $42,333 a few minutes ago and is expected to exceed $42,500 in the next few minutes. This rise, triggered by BlackRock news, had been previously signaled.
A few minutes ago, we announced the last-minute S-1 update regarding the Bitwise ETF application and mentioned that more would follow. Bloomberg experts noted that file updates were a sign that ETF approval was approaching. The SEC is now engaging with potential opportunities, setting aside its negative approach to cryptocurrencies.
BlackRock also updated its S-1 filing for the spot Bitcoin ETF application. Investors are more hopeful that it will be approved on January 10, and their optimism is increasing with such movements. Of course, we also see that the BTC price has risen as a result. In November, we had already mentioned that December could witness significant increases due to these reasons.
While crypto markets have been moving positively in line with expectations for the past three months, it is believed that major rises may soon begin for altcoins.