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Why is the crypto market growing?
Bloomberg analysts have raised the chances of ETH-ETF approval from 25% to 75%. The reason is increasing political pressure on the SEC, which is increasingly accused of overstepping its authority.
💎 On the background of optimistic sentiments, the altcoin rate jumped by 23% over the last 24 hours. Following ETH, BTC, the flagship of the crypto market, also went up.
Also before the rapid growth, investors were actively buying up BTC. Over the last week, they withdrew about 30,516 BTC from crypto exchanges.
💵 Analysts suggest that most network indicators point to an incipient bull market.
