Bitcoin Soars, Eyes $43K as SEC Nears Ethereum ETF Approval
January 30, 2024
Bitcoin's price has surged to a two-week high of $43,853, indicating a possible shift in market trends.
The market is eyeing a liquidity gap near $42,000, which may result in increased volatility and has set a key resistance level at $42,300.
Standard Chartered Bank forecasts that the SEC will approve Ethereum ETFs by May 23, potentially driving Ethereum's price to $4,000.
The bank projects a bullish future for Bitcoin as well, with price expectations of $100,000 by year-end and $200,000 by 2025.
Expectations of approval for Ethereum spot-based ETFs could lead to a significant 70% price increase for ETH, with less selling pressure compared to BTC post-approval.
Summary based on 51 sources
Get a daily email with more Crypto stories
Sources

Forbes • Jan 30, 2024
The Bitcoin Spot ETF: A Catalyst For Change In Bitcoin-First Companies
The Motley Fool • Jan 30, 2024
The Hidden Winners Behind the New Bitcoin ETFs. Should You Buy Them Instead?
Nasdaq • Jan 30, 2024
Investors Are Pouring Billions Into These 2 Bitcoin ETFs and Leaving the Rest Behind