Bitcoin recovers the level of $ 60,000 before the possible support of the SEC to a cryptodivis fund

Six months later, the Bitcoin has again surpassing the level of $ 60,000 agreed upon the expectations that the US Bank and Securities Commission (SEC) gives the

Bitcoin recovers the level of $ 60,000 before the possible support of the SEC to a cryptodivis fund

Six months later, the Bitcoin has again surpassing the level of $ 60,000 agreed upon the expectations that the US Bank and Securities Commission (SEC) gives the approval to a stock exchange in Stock Exchange Futures of popular cryptomoned.

According to Bloomberg, the SEC would be reviewing around 40 ETF options related to Bitcoin and the regulator is expected to approve at least some of them, clearing the way to start negotiation.

This information has given the definitive push to the virtual currency, which accumulates an increase over 5% on Friday. In this way, the Bitcoin puts direction back to its own record, which was fixed at 64,000 green tickets last April and culminates a comeback in which not many trusted only a few months ago.

And it is being a year full of volatility for the cryptodivisa. More than it is already consubstantial to it. After touching the roof in April, the contribution of it collapsed until you lose $ 30,000 last July. Since then, the promotion of him has not stopped but has not been exempt from obstacles either. Mainly regulatory and mainly from China.

The Asian giant has announced several measures in recent months to restrict the use and operations with cryptoactive, until you finish prohibiting them just a month ago. Its effects, according to experts, are limited.

"Bitcoin closed with the stronger weekly candle of the last 22 weeks, only 10% of its maximum price, which is an impressive 100% recovery since its fall in May. This yield shows that any China regulatory action has Only temporary effects, "Alejandro Zala, Country Manager of Bitpanda Spain.

According to the weekly analysis that the firm produces, the US has become the world leader of Bitcoin mining after the repression of the sector in China and according to the Alternative Finance Center of Cambridge (CCAF), the country represents 35.4 % of the total computational power of the world used to undermine Bitcoin, which represents more than double the 16.8% registered at the end of April.

The support of the Russian President, Vladimir Putin, who has recognized in an interview for CNBC has been in an interview for CNBC, who has a Bitcoin "have value" and could "exist as a means of payment". However, the president recognizes that "it is too early to talk about oil trade in cryptomoneds."

But beyond the punctual messages, the main engine of the bitcoin cryptomones remains the support of large institutional investors. A support that began to become patent in the year 2020 and that over 2021 is consolidating.

The bet of increasing investment funds, banks and large investors has joined the current of retail investors who have already had a time leaving their attraction towards digital currencies.

A study of the ETOO platform echoes that attractiveness and collects that particular investors have re-entrusted Bitcoin, Cardano and Ethereum in the third quarter of 2021, maintaining the same positions with respect to the previous quarter.

"During the third quarter of the year, it has been clearly seen that the position of the first digital tokens is maintained with respect to the past quarter, which endorses investors' confidence in these particular cryptoactive," said ETO Director of Etoro for Iberia and Latin America, Tali Salomon.

Ethereum, on the other hand, maintains its climbing towards the 4,000 dollars, although this Friday corrects something more than 0.5% and is located at 3,795 green bills. Cardano crosses the almost flat session ($ 2.22) and XRP drops more than 1.2%, up to $ 1.10.

ETH lost a bit of its advantage against BTC - Bitcoin's strong rebound was at the center of attention and has put the Altcoins on the sidelines, as operators were changing their funds to BTC. The domain of ETH fell below 18%, but the price rose above 3,000 euros, which marks a 120% recovery from the May crash.

The price of ETH is now approaching September 3,350 euros, which is the last resistance before the level of 3,600 euros, the highest of all time, reached on May 12 of this year.

Updated Date: 16 October 2021, 03:20

You need to login to comment.

Please register or login.

RELATED NEWS