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The price of bitcoin had. Featured image courtesy of Pixabay. Never Miss Another Opportunity.

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A price run-up ahead of what are expected to be the first approvals of spot bitcoin ETFs could set up a hangover for Bitcoin is entering with bullish momentum. Experts anticipate the SEC will approve the first spot bitcoin ETF in the near future. The. Current conditions indicate the market expects Bitcoin's price to appreciate this spring, according to an analyst. When futures contracts trade.

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Because there is no clear way to value bitcoin accurately from a fundamental perspective, the range of bitcoin price targets is extremely wide. Monetary policy tightening successfully reigned in inflation throughout , and investor appetite for crypto has returned. Grayscale is currently vying for approval to transform its Grayscale Bitcoin Trust into an ETF, an effort supported by an August court ruling in which a federal judge barred the SEC from denying spot bitcoin ETFs under reasons it has given in the past. Bitcoin bulls say an SEC-approved spot bitcoin ETF would make it easier for institutional and retail investors to access bitcoin, potentially opening the floodgates for cryptocurrency to become a mainstream asset class.

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