👀🚀 Bitcoin reached the peak of the last 3 months: What is the reason for the rise?
The largest cryptocurrency Bitcoin made its weekly closing above 30 thousand dollars after a long time, and in the morning it rose above 30,900 dollars again and reached the highest level in the last 3 months.
Bitcoin continued its rise, which it started over the weekend, as of Monday morning. The largest cryptocurrency also reached the peak of the last 3 months, rising above $ 30,900. Bitcoin also made its weekly close above $ 30 thousand for the first time since the summer months.
Are ETFs coming?
As it is known, the cryptocurrency community has been waiting for Bitcoin spot ETFs to be accepted by the US Securities and Exchange Commission (SEC) for a long time. Finally, Paul Grewal, Coinbase's legal counsel, said he was confident that the SEC would approve these requests after the court decisions.
As it will be remembered, the final stage of the last bull season also came when the SEC approved Bitcoin futures ETFs. Bitcoin had made its ATH by reaching 69 thousand dollars on November 10, 2021. Then, the Fed's inflation policy and the Russia-Ukraine war, combined with the Terra LUNA and FTX crashes in crypto, the largest cryptocurrency went down to 15 thousand dollars.
Bitcoin fell to $ 24 thousand after the Fed meeting in June, but then managed to rise above $ 31 thousand within a 1-week period. Despite this, he could not hold on in this region and re-entered the Decile where he would accumulate between 24 thousand dollars and 28 thousand dollars.
The largest cryptocurrency is trading at the level of $ 30,500 in the minutes when the news was written.
