$BTC $ETH $BNB Ethereum ETF is approved and is expected to revive the cryptocurrency bull market🔥

Rumor has it that the U.S. Securities and Exchange Commission (SEC) is considering approving a U.S. spot Ethereum ETF. Cryptocurrency prices soared on the 21st. Bitcoin broke through $70,000 and will challenge a record high. Ethereum once soared by 20% overnight. Analysts believe that the cryptocurrency bull market is reviving and Bitcoin has the opportunity to challenge the historical record of $73,803

According to Coin Metrics data, at 18:00 pm on the 21st, Taiwan time, Bitcoin surged by US$1,314, or 1.9%, to US$70,957 from the same time the previous day, with the intraday high reaching US$71,954. After Ethereum soared by 20% on the 20th, it rose another 8.6% to $3,657 on the 21st. Analysts believe that the market’s optimistic expectations for the SEC’s green light for the Ethereum ETF will drive a wave of cryptocurrency bull markets. In the next few days, Bitcoin has the opportunity to challenge the historical record of $73,803 set earlier this year.

Ethereum is the second-largest cryptocurrency after Bitcoin, and the market had previously thought that such funds would not pass the test. However, with the SEC’s approval of Bitcoin ETF in January this year, market participants were overjoyed. Analysts observing recent developments also found that SEC personnel frequently contacted asset management companies to provide opinions on application documents and request modifications. Therefore, they speculated that this Chances of Ethereum ETF approval increasing this week