Author: Trishla Tyagi

The asset today fell well below $60,000 for the first time in ten days, retracing following the recent bullish run that saw it break yet another BTC all-time high. On the 14th of October, BTC surged to $59,400 in response to the enthusiasm around the approval of the first American Bitcoin futures ETF. Bitcoin gained 4% in an hour after news of the SEC approving the ProShares Bitcoin ETF to begin trading reached the market. Taking the positive trend even further, the SEC later that month approved the Valkyrie Bitcoin Strategy ETF, propelling BTC to a new all-time high of…

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