Forex. Cryptocurrency Forecast for today
Now digital gold is consolidating near the level of 61,000 dollars. Trading is affected by the news that the US Securities and Exchange Commission (SEC) has approved ProShares' application to launch a Bitcoin Strategy ETF futures exchange-traded fund.
The capitalization of the cryptocurrency market at the end of the weekend added 2.46 trillion US dollars against 2.38 on Friday. The latest news is pushing the cryptocurrency market to growth.
Recall that cryptocurrency companies have repeatedly tried to get SEC approval to create a bitcoin ETF since 2013, but the regulator has always rejected their applications. The launch of such an ETF increases the legitimacy of cryptocurrencies, and creates conditions for the influx of large investments.
In September, the head of the SEC, Gary Gensler, announced support for bitcoin ETFs that will invest in cryptocurrency futures. Earlier, the media reported that the growth of digital gold is due to seasonal purchases of investment funds. The growing popularity of the Lightning Network micropayment network has also played a significant role. The message of the US authorities about the lack of intentions to ban cryptocurrencies strengthened the hopes of investors.