All-round rise! Bitcoin climbed to 72,000, BNB stood at 600! 24 hours, the entire network liquidated 350 million US dollars, bloodbathed the air force!

Bloomberg ETF analyst Eric Balchunas made a big change in his attitude this morning (21), believing that the news that the Ethereum spot ETF had a greatly increased chance of passing the test inspired Ethereum to soar 20% to 3,700 US dollars, and Bitcoin also approached 72,000 US dollars, successfully reaching the 70,000 US dollar mark again after 40 days.

Why did Bitcoin rise?

In a critical week for cryptocurrencies, the decision on the application of the US Ethereum ETF (Exchange Traded Fund) was expected. The decision was expected to reject these applications in the decision to be announced on May 23. Starting from this evening, things have completely changed.

Bloomberg ETF analysts announced that based on the latest developments, they revised the previously announced 25% approval probability to 75%. The news caused Ethereum to rise by more than 10% in a few minutes. Bitcoin was also affected by the positive atmosphere and rose to more than 70,000 US dollars.

Eric Balchunas, one of the ETF analysts, said in a statement on his personal X account: "James and I are raising our estimate of the probability of approval of the Ethereum spot ETF from 25% to 75%. "We received news this afternoon that the SEC may make a 180-degree turn on this issue." He said. The news had a great positive impact and drove investors to buy.

Bloomberg analysts are known for their accurate predictions on Bitcoin ETF applications. The U.S. Securities and Exchange Commission must announce its final decision by Thursday at the latest.

Keep an eye on the Ethereum ETF application on the 23rd. What do you think of the deadline?

Whether the Ethereum ETF is passed or not, you can comment on the reasons for your opinion! #以太坊ETF批准预期 #BTC #ETH