LIVE๐๐ Hold onto your hats, BTC enthusiasts! Ether (ETH) just rocketed 10% in a matter of minutes on Monday, following whispers of a potential spot ETF in the US. ETH was trading at $3150 at 17:44 UTC, before skyrocketing to $3450 in less than half an hour. ๐
This sudden surge came after a tweet from Bloomberg ETF analyst Eric Balchunas, who, along with his partner James Seyffart, increased their odds of an ETH ETF approval this month from 25% to a whopping 75%! ๐ฒ
This optimism comes on the heels of the US House and Senate passing H.J.Res.109, a resolution to scrap an anti-crypto banking rule previously established by the SEC. Despite President Joe Biden's vow to veto the act, it passed with bipartisan support, indicating a shift in the Democratic party's stance on crypto. ๐๏ธ
Seyffart confirmed that their accounts were not hacked and that their odds changes were based on input from multiple sources. "Should see a bunch of filings over coming days if we're correct," he added. ๐
And guess what? Bitcoin also got a boost from the news, rising 5% to $69,850 on Monday. The crypto market has seen $226 million in liquidations in the past 24 hours, according to Coinglass. ๐
So, keep your eyes peeled, crypto fans! Things are heating up in the crypto world, and it's an exciting time to be a BTC enthusiast! ๐๐