LIVE🚀🚀 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. 📈
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%! 🎲
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. 🏛️
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. 📝
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. 🎉
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! 🚀🌕