*BITCOIN: BTC EXCEEDS $47,000 AS SEC COULD APPROVE ETFS ON WEDNESDAY.* *Bitcoin* has broken the *$47,000* barrier for the first time since *April 2022,* marking a pivotal moment for *the iconic cryptocurrency.* This breakthrough comes as the *Securities and Exchange Commission of the* *States- Unis* is closing in on the deadline for *approval of one or more ETFs* *Spot Bitcoin*, with *Bloomberg* analysts anticipating a decision *on January 10.* *Spectacular rise in Bitcoin* *Bitcoin* soared rapidly by *$44,000* *on January 8*, increasing more than *7.5% in 24 hours and 177% over the past 12* *months,* to reach a yearly high of *$47,300 $.* This rise comes as the market prepares for *potential SEC approval of one or more of the Bitcoin Spot ETFs.* The last time *Bitcoin* traded above *$47,000* was almost *20 months ago, on April 3, 2022.* This rise also led to *a wave of liquidations of short Bitcoin positions, with liquidations exceeding* *$80 million.* *Total liquidations* on *cryptocurrencies* have exceeded *$120 million.* *The SEC admits defeat?* *Warning and X threads* While many market participants expect the uptrend to continue in light of any news regarding the approval of a Bitcoin Spot ETF, the *SEC* reiterated a caution against * *impulsive* investments* driven by *FOMO* just before the expected approval. Nonetheless, *ETF* products are ultimately expected *to attract multi-billion dollar investment flows over the coming years.* For his part, *Gary* *Gensler*, directly published a *thread on crypto] continues to be riddled with fraud, bogus offers, Ponzis, and outright theft. »* *(CRYPTONEWS)*