$BTC $ETH

The reason for today’s sharp rise in the market is revealed:

Unexpected news from the United States

Bitcoin rises above $70,000 on news from the US. Some cryptocurrencies saw bigger gains, notably Ethereum.

Why is Bitcoin rising?

The decision to file for a U.S. Ethereum ETF (exchange-traded fund) was expected in a pivotal week for cryptocurrencies. The applications are expected to be rejected in a decision published on May 23. Starting tonight, things have completely changed.

Bloomberg ETF analysts announced that they were revising their previously announced 25% chance of approval to 75% based on the latest developments. The news sent Ethereum up more than 10% in a matter of minutes. Bitcoin was also affected by the positive sentiment, rising above $70,000.

A big Yang line, thousands of troops and horses come to meet. #ETH #BTC !!