|Day's range||41,421.15 - 44,408.66|
|52-week range||16,398.14 - 44,408.66|
|Volume (24 hrs)||35.65B|
|Volume (24 hrs) all currencies||35.65B|
Bitcoin (BTC-USD) surged past $42,000 following reports that the Securities and Exchange Commission (SEC) could approve a spot bitcoin ETF in January. The crypto rally comes even as crypto lending firm Nexo faced SEC fines, though Nexo Co-Founder Antoni Trenchev remains focused on building out crypto infrastructure. Speaking to Yahoo Finance, Trenchev says the crypto market is sending "mixed signals" lately. Trenchev is optimistic in the long term as events in the crypto space, like Binance's settlement and hopefulness on a bitcoin ETF approval, illustrate different paths for regulation. He states the crypto shakeout after FTX's collapse has weeded out "weak hands," allowing resilient assets like bitcoin to rebound. With momentum regaining in the digital asset, Trenchev sees a spot ETF as increasingly attractive. He even predicts Bitcoin could reach $100,000. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
A Securities and Exchange Commission filing revealed BlackRock (BLK) received $100,000 from a currently unknown seed investor for a proposed spot bitcoin ETF. Many companies, including Fidelity, Invesco, Grayscale, and others are patiently waiting for SEC approval for a spot bitcoin ETF. Bitcoin (BTC-USD) is up more than 20% for the month as sentiment grows bullish for the cryptocurrency on approval hopes. Yahoo Finance Jared Blikre joins the Live show to break down the latest numbers and developments surrounding BlackRock and bitcoin. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Crypto's late 2023 surge suggests investors are moving past the industry's recent wave of scandals.