Bitcoin had a strong finish
Bitcoin has a strong finish to the quarter as optimism grows that crypto will not be regulated out of existence and as financial giants remain committed to the space. The focus has been on a Bitcoin ETF approval in the US, but it is unclear how long it will take to get that update, with the end of the summer most likely.
Bitcoin fell from the $31,000 level after the WSJ reported that the SEC said the spot Bitcoin ETF filings are insufficient. The Authority commented on the applications of BlackRock and Fidelity.
Bitcoin is trading around the $30,000 level, but a new catalyst is needed to boost the bullishness above the $34,000 level.
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