Bitcoin rate has reached its highest since December 2021 – Kommersant
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The Bitcoin (BTC) rate exceeded $49 thousand for the first time since December 2021, follows from the data Coinmarketcap. After that, its price adjusted, dropping below $48 thousand.
The rise in the price of BTC is associated with yesterday’s decision of the US Securities and Exchange Commission (SEC) approve trading of exchange-traded products that use Bitcoin, including for retail investors. SEC Commissioner Gary Gensler said the agency intends to authorize a total of 20 exchange-traded funds. Currently, the regulator has issued 11 licenses.
In addition, today, January 11, quotes of the second most popular cryptocurrency, Ethereum (Ethereum; ETH), are growing noticeably. Its rate has increased over the past 24 hours by 9% and reached $2.8 thousand. The last time this cryptocurrency was worth so much was in May 2022. The growth of its rate is associated with investor confidence that, following a positive decision on investment funds related to Bitcoin, the SEC will make a similar decision regarding funds trading ETH. A meeting of the commission on this issue is scheduled for January 23.
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