(BTC) rose above $30,000 on Oct. 20, indicating that the trail of least resistance is to the upside. Grayscale Investments submitting a brand new software with the USA Securities and Change Fee for a brand new spot Bitcoin exchange-traded fund (ETF) could have acted as a bullish set off.
In different optimistic information for the cryptocurrency area, the SEC sought to dismiss all claims towards CEO Brad Garlinghouse and government chair Chris Larsen. This may improve expectations that the regulator could decelerate its assault on cryptocurrency entities following a string of latest setbacks.
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