Bitcoin has seen a surge in price to start 2021, reaching a record high of $34,000 on Monday and sparking a wave of short liquidations worth $114 million in the last hour alone. The rally has been attributed to the pending approval of Bitcoin spot ETF applications by the Securities and Exchange Commission, and global investment giant BlackRock taking preliminary steps needed to launch its own ETF. This could be a sign of confidence that the SEC will eventually approve the ETF, and could be good news for the crypto industry. #Bitcoin #Cryptocurrency #SEC #BlackRock
You can read more about this topic here: Decrypt: Bitcoin Touches $34K as $114 Million in Shorts Liquidated
