It was pointed out that #Bitcoin ’s price breach to the $35,000 level is a positive indicator of the cryptocurrency market, and that the Bitcoin Minetrix cloud mining project is expected to benefit from this rally following the successful sale of its currency.

There is an optimistic expectation of an increase in the price of Bitcoin, and a judicial decision obliging the #SEC to reconsider the conversion of the Grayscale Bitcoin Trust into a traded investment fund for Bitcoin spot contracts.

Bitcoin’s price has not exceeded $35,000 since early May 2022, and this expected rise coincides with the Bitcoin mining bonus halving event and the possible creation of the Bitcoin Spot ETF.

Bloomberg Intelligence analysts 90% likely the SEC will approve the creation of a spot Bitcoin #ETF by ARK and 21Shares.

The expected decision on the fund will be made in January, and its rejection could spark controversy.

The iShares Bitcoin Trust is listed on the Depository Trust & Clearing Corporation website, indicating approval for its creation has been issued or is approaching it.