Bitcoin gains more than 4% amid new reports on approval of spot ETFs

Bitcoin is already gaining nearly 4.3% in value today, negating much of the declines recorded yesterday. In the market just after the end of the session on Wall Street, there were reports on social media and news outlets suggesting that the US Securities and Exchange Commission (SEC) will approve applications for bitcoin spot ETFs for a number of applicant companies. The decision itself is expected to come tomorrow, senior cryptocurrency market analysts TechCrunch reported.

BTC has recovered most of its losses from yesterday's session. H4 interval. Source: xStation

Bitcoin returned above the resistance zone set by the 2023 peaks. W1 interval.

Source: xStation

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