Are you ready for all-time high of Bitcoin in runnig week. so be ready for Bulls
In the past 24 hours the entire cryptocurrency market has rallied, increasing by over 9% in the past 24 hours, according to CoinGecko data .
The rally comes after the SEC requested updates to 19b-4 filings for spot ether ETFs on Monday, ahead of this week's deadlines, indicating potential progress toward approval. The first round of spot ether ETF deadlines is fast approaching, with VanEck's on May 23 and Ark Invest/21Shares' on May 24.
Following the SEC's request, Bloomberg ETF analysts James Seyffart and Eric Balchunas stated that the chances of the SEC approving such a product have increased from 25% to 75%.
Bitcoin's price increased by over 3.68% in the past 24 hours and was changing hands for $69,940 at 12:18 p.m. ET, according to The Block’s Price Page . The GM 30 Index , representing a selection of the top 30 cryptocurrencies, increased by 8.78% to148.81 in the same period.
Bitcoin year-end price target
according to famous crypto analyst of bloomburg that the renewed optimism surrounding the potential approval of spot ether ETFs this week gives him more confidence in his price targets for bitcoin of $150,000 by year-end 2024 and $200,000 by year-end 2025.
