#Bitcoin reverses its trend after violent losses... and a breach of $50,000 is imminent đđ„
_#Bitcoin.rebounded on Thursday to $44,500 as investors shrugged off Wednesday's flash crash and remained optimistic that approval for bitcoin exchange-traded funds (ETFs) is around the corner. While Wednesday's Matrixport report warning about potential rejections may have helped spark a rapid 10% decline in Bitcoin, the majority of observers still expect the SEC to approve the applications. Maybe on Friday.
The SEC was providing final comments on the filings, with potential issuers then updating their filings accordingly, said #BloombergAnalysis analyst #Eric.Balchunas . Shortly after, TechCrunch reporter Jacqueline Melinek said the SEC would soon approve multiple requests, citing sources âvery close to the matter.â Bitcoin is up 2.3% in the past 24 hours and is trading at $43,950 at press time, erasing most of the declines that occurred on Wednesday when it fell below the $41,000 level.
$BTC
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