Bitcoin SURGES to 6-month high after EFT approval rumors
10/15/2021- 7:31 a.m.
Bitcoin SURGES to 6-month high after EFT approval rumors
Bitcoin continued its spike this month to just under $60k after the SEC appeared to hint at an approval of a Bitcoin Exchange-Traded Fund (ETF), according to Bloomberg citing sources.
The SEC also tweeted last night about the risks and benefits of “investing in a fund that holds Bitcoin futures contracts”, adding further fuel to the fire.
Bitcoin has shot up almost 40% in October alone to put it within reach of the all-time record price of $64,863, leading crypto analyst Will Clemente to predict: “these next few months are going to be wild.”
