Ethereum

Bitcoin

Spot

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-and-ethereum-prices-surge-due-to-etf-approval-speculation/" data-wpel-link="internal">Bitcoin and Ethereum Prices Surge Due to ETF Approval Speculation</a><br></p>
<p style="text-align: justify">Bitcoin price suddenly exceeded $69,000 and <a href="https://en.coin-turk.com/ethereums-notable-performance-against-bitcoin-insights-and-market-dynamics/" data-wpel-link="internal">Ethereum</a> (ETH) surpassed $3,250. Everyone is curious about what is happening. The situation is clear, and if this <a href="https://newslinker.co" target="_blank" rel="noopener" data-wpel-link="exclude">news</a> is confirmed by the SEC, the second leg of the crypto rally in the first quarter of the year could clearly begin. So, what is happening?</p> 
<h2 style="text-align: justify" id="why-is-ethereum-rising">Why is Ethereum Rising?</h2> 
<p style="text-align: justify">Everyone was expecting rejection decisions for Spot Ethereum ETF applications on Thursday and Friday when something big happened. James from Bloomberg suddenly appeared and raised the approval probability to 75% based on his sources. The <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">market</a>‘s probability of approval was only 14%, and it was being commented that the SEC had taken a position for a definite rejection in light of its recent lawsuits.</p> 
<p style="text-align: justify">Bloomberg ETF Expert James said:</p> 
<blockquote> 
 <p style="text-align: justify">“This week we are raising our probability for Spot ETH ETF approval to 75% (from 25%), we heard talks this afternoon that the SEC could make a 180-degree turn on this (becoming an increasingly political issue), so now everyone is scrambling. These are what we heard from multiple sources. If true, we will see a lot of applications in the coming days.”</p> 
</blockquote> 
<p style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-353708 aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/05/SPOT-ETH-ETF-ONAY.png" alt="" width="677" height="708"></p> 
<p style="text-align: justify">ETH price rose to $3,350 following this development. BTC exceeded $69,140.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-and-ethereum-prices-surge-due-to-etf-approval-speculation/" data-wpel-link="internal">Bitcoin and Ethereum Prices Surge Due to ETF Approval Speculation</a></h5>

Bitcoin and Ethereum Prices Surge Due to ETF Approval Speculation

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