10:26 AM · 6 July 2023

BREAKING: Bitcoin hits 13-month high!

Despite weakness in regulated markets, cryptocurrencies are gaining, and the wave of appreciation is primarily supported by Bitcoin, which has broken out to new local peaks near $31400. The main fundamental basis for the observed movements is the incoming applications for approval of new spot ETFs for Bitcoin.

Source: Bloomberg, SEC

Bitcoin quotes rise above local peaks and attack the $31400 region. Source: xStation 5

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