The reason for the surge in the market is revealed:
The news from the United States is like a heavy bomb, instantly detonating the global financial market!
As the news from the United States spread, Bitcoin soared to more than $70,000, and even tried to break through the sky! And those stars shining in the world of cryptocurrency, especially Ethereum, soared like a rocket, and the increase was staggering!
Why is Bitcoin rising so wildly?
It was originally thought that the application for the US Ethereum ETF would encounter Waterloo, and the expected rejection decision on May 23 was like a time bomb hanging in the minds of investors.
However, just last night, the plot took a shocking turn!
Bloomberg ETF analysts raised the previous 25% approval probability to an astonishing 75% in one fell swoop! This news was like a super nuclear bomb, instantly detonating the Ethereum market. In just a few minutes, the price of Ethereum soared by more than 10%! Bitcoin was also strongly impacted by this crazy craze, and it jumped to the peak of $70,000!
ETF analyst Eric Balchunas even excitedly made a statement on his personal X account: "James and I are raising the approval probability of the Ethereum spot ETF from 25% to 75%! The news we received this afternoon is like a revelation from God. The SEC may make a 180-degree turn on this issue!"
His words are like a fire, igniting the enthusiasm of investors and triggering a crazy buying spree!
Bloomberg analysts are famous for their accurate predictions of Bitcoin ETF applications, and this time they have once again proved their extraordinary ability with facts! The U.S. Securities and Exchange Commission must announce its final decision on Thursday, and the market is already full of endless expectations and enthusiasm! This cryptocurrency carnival is destined to become a legendary chapter in financial history!
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