#$ETH $BTC $AVAX The reason for Bitcoin's rise has been revealed: Unexpected news from the USA
Bitcoin rose above 70 thousand dollars with the news from the USA. There are sharper increases in some cryptocurrencies, especially Ether.
Author freewhiskey

Cryptocurrencies experience sharp increases in the evening hours. The number one cryptocurrency, Bitcoin, surpassed 70 thousand dollars after a long time. This time the rise was due to Ethereum.
Why is Bitcoin rising?
In a critical week for cryptocurrencies, the decision on Ethereum ETF (exchange traded fund) applications in the USA was expected. The expectation was that the applications would be rejected in the decision, which was expected to be announced by May 23. Things have completely changed as of this evening.
Bloomberg ETF analysts announced that they revised the approval probability, which they had previously announced as 25 percent, to 75 percent, following the latest developments. This announcement brought a more than 10 percent increase in Ethereum within minutes. Bitcoin also got its share of the positive atmosphere and rose above 70 thousand dollars.
Eric Balchunas, one of the ETF analysts, said in a statement from his personal X account: “James and I are increasing our probability estimate for spot Ether ETF approval from 25 percent to 75 percent. "We received information this afternoon that the SEC may do a 180-degree turn on this issue." he said. The news, which had a great positive impact, led investors to buy.
Bloomberg analysts are known for their accurate predictions regarding Bitcoin ETF applications. The SEC must announce its final decision on Thursday at the latest.
Bitcoin is traded at $69,600 at 23.25 GMT. Ether continues its course above $ 3,400.
#altcoinseason Avax altcoin, we will hear your name a lot in the season, my target is over 200 dollars
