Bitcoin price fluctuates amid SEC ETF approvals and removal By Investing.com
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© Reuters.
GLOBAL MARKETS – The cryptocurrency market has experienced a whirlwind of activity following the U.S. Securities and Exchange Commission’s (SEC) recent approval of exchange-traded funds (ETFs) from prominent financial entities. Bitcoin’s value surged but then retreated after an unexpected twist involving the SEC’s announcement.
On Wednesday, the market was buoyed by the SEC’s announcement approving Bitcoin ETFs from industry giants BlackRock (NYSE:) and Fidelity. This news initially sent Bitcoin’s price soaring. However, the gains were short-lived as the announcement was temporarily retracted from the SEC’s website, leading to Bitcoin’s price correction to around $45,000.
The following day, Thursday, Bitcoin’s price continued to show signs of volatility, peaking at $49,000 before slipping below the $46,000 mark. In the midst of Bitcoin’s price movements, ‘s XRP also made headlines as its wallet count surpassed the 5 million mark, reflecting growing user adoption.
In addition, the market saw a notable performance from Solana-based meme coins. WIF experienced a significant surge following its listing on the Bybit exchange platform, while MYRO’s market capitalization crossed the $100 million threshold.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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© Reuters.
GLOBAL MARKETS – The cryptocurrency market has experienced a whirlwind of activity following the U.S. Securities and Exchange Commission’s (SEC) recent approval of exchange-traded funds (ETFs) from prominent financial entities. Bitcoin’s value surged but then retreated after an unexpected twist involving the SEC’s announcement.
On Wednesday, the market was buoyed by the SEC’s announcement approving Bitcoin ETFs from industry giants BlackRock (NYSE:) and Fidelity. This news initially sent Bitcoin’s price soaring. However, the gains were short-lived as the announcement was temporarily retracted from the SEC’s website, leading to Bitcoin’s price correction to around $45,000.
The following day, Thursday, Bitcoin’s price continued to show signs of volatility, peaking at $49,000 before slipping below the $46,000 mark. In the midst of Bitcoin’s price movements, ‘s XRP also made headlines as its wallet count surpassed the 5 million mark, reflecting growing user adoption.
In addition, the market saw a notable performance from Solana-based meme coins. WIF experienced a significant surge following its listing on the Bybit exchange platform, while MYRO’s market capitalization crossed the $100 million threshold.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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