Bitcoin jumps over $43K mark, hits 19-month high - Breaking The News

Bitcoin jumps over $43K mark, hits 19-month high

5 December

1 min read

UNSPLASH

The world's largest crypto token Bitcoin pushed over the $43,000 threshold on Tuesday, reaching its highest value since April 2022.

The rally of Bitcoin appears to be linked to recent advancements in the US Securities and Exchange Commission's approval process of a spot Bitcoin Exchange-Traded-Funds (ETF) after both BlackRock Inc. and Bitwise submitted amended filings to the federal agency the day before. Namely, BlackRock revealed in the document that it secured $100,000 in seed capital from an undisclosed sponsor for its proposed Bitcoin ETF, which would enable the funding of creation units for open market trading of ETF shares. In the filing, the company highlighted its commitment to monitoring any irregularities in the market and its compliance with anti-money laundering regulations.

Bitcoin surged 2.76% to sell at $43,164.660 at 12:24 pm ET.

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