CryptoMediaClub
Wednesday, July 30, 2025
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis
No Result
View All Result
CryptoMediaClub
No Result
View All Result
Home Analysis

BTC tops $47k as CNBC predicts Wednesday Bitcoin ETF approval

09.01.2024
A A
0
135
VIEWS
ShareShare

The price of Bitcoin (BTC) surpassed $47,100 on Jan. 8 amidst expectations of spot Bitcoin ETF approvals over the coming days.

Bitcoin was priced at $47,162 at 7:15 p.m. UTC. At the time, its market cap is roughly $918 billion.

The latest high represents daily gains for Bitcoin and other top-ten crypto assets. Bitcoin (BTC) is up 6.2% over 24 hours, while Ethereum (ETH) is up 4.8% over the same period. Additionally, Cardano (ADA) is up 4.6%, Avalanche (AVAX) is up 2.6%, Solana (SOL) is up 3.8%, and XRP is up 2.0%. The entire cryptocurrency market is up 4.0% over a 24-hour period.

Bitcoin’s current value represents a 21-month high not seen since April 2022. In May 2022, shortly after that previous high, an extended market crash occurred following collapse of TerraUSD and various crypto lending services. The market’s long-term price recovery began in January 2024 and has continued until today.

Possible ETF approval may be linked to gains

Though numerous factors affect Bitcoin’s price, optimism around the likely approval of a spot Bitcoin exchange-traded fund (ETF) may be one factor.

CNBC, notably, reported at 3:54 p.m UTC that multiple ETFs are expected to be approved in the coming days based on two sources close to the matter. The news outlet said that the funds will likely be approved on Wednesday, Jan. 10 and that trading will likely begin on Thursday, Jan. 11, or Friday, Jan. 12.

Other positive news around ETFs has also emerged. Standard Chartered predicted that Bitcoin ETFs could bring $50 billion to $100 billion of inflows into the crypto market throughout 2024. VanEck bought $72.5 million of Bitcoin to seed its ETF, while Grayscale and other companies entered a ‘fee war’ to offer competitive rates.

SEC Chair Gary Gensler warned about Bitcoin investments, implicitly hinting about new crypto products despite his negative tone.

Previous weeks have seen the U.S. Securities and Exchange Commission (SEC) meet with asset managers and accept amendments from those applicants, which are important steps toward product approvals.

Any of those events and countless others may have affected investor sentiment, driving up demand for Bitcoin and, in turn, its market value.

The post BTC tops $47k as CNBC predicts Wednesday Bitcoin ETF approval appeared first on CryptoSlate.

Share10Tweet7ShareSharePin2

Related Posts

SEC’s in-kind approval can spark HUGE $710 billion supply squeeze for Bitcoin ETFs
Analysis

SEC’s in-kind approval can spark HUGE $710 billion supply squeeze for Bitcoin ETFs

30.07.2025
0

On July 29, the U.S. Securities and Exchange Commission approved in-kind creation and redemption mechanisms for spot Bitcoin and Ethereum...

Read moreDetails
Bitcoin could target $141k if it breaks out of the $105k-$125k box

Bitcoin could target $141k if it breaks out of the $105k-$125k box

30.07.2025
BlackRock says clear US rulebook turns stablecoins into payment method of the ‘future of finance’

BlackRock says clear US rulebook turns stablecoins into payment method of the ‘future of finance’

30.07.2025
StanChart predicts corporates will control 10% of Ethereum supply over time

StanChart predicts corporates will control 10% of Ethereum supply over time

29.07.2025
Global stablecoin searches hit all-time high with Washington leading traffic

Global stablecoin searches hit all-time high with Washington leading traffic

29.07.2025
Load More
Next Post
Bitcoin Price Tested $47k As Trading Volume Soars Nearly 120%

Bitcoin Price Tested $47k As Trading Volume Soars Nearly 120%

1 2 votes
Рейтинг статьи
Subscribe
Notify of
guest
guest
0 комментариев
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

Recommended

Circle Develops Recoverable Blockchain Transaction Mechanism

Circle Develops Recoverable Blockchain Transaction Mechanism

2 years ago
South Korea Expands Cryptocurrency Initiatives and Strengthens Market Regulation

South Korea Expands Cryptocurrency Initiatives and Strengthens Market Regulation

1 month ago
Platypus DeFi loses $2.2M in another flash loan exploit

Platypus DeFi loses $2.2M in another flash loan exploit

2 years ago
MAS Seeks Greater Momentum Towards Tokenization in Financial Services

MAS Seeks Greater Momentum Towards Tokenization in Financial Services

9 months ago

Categories

  • All news
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
No Result
View All Result

Highlights

Growing Popularity of Ethereum in Corporate Crypto Treasury Reserves

Bitcoin Price Prediction: OG Whale Dumps 80,000 BTC – And Bitcoin Still Looks Ready to Blast Higher

Bitcoin could target $141k if it breaks out of the $105k-$125k box

AML Bitcoin Founder Sentenced to 7 Years for Fraud and Money Laundering

Turkish Ride-Hailing Giant Marti Announces Crypto Treasury Strategy, Allocates 20% to BTC

Revolut Mulls Buying US Bank to Fast-Track American Licence: Report

Trending

Hong Kong Authorities Clarify Licensing Rules for Stablecoin Issuers
All news

Hong Kong Authorities Clarify Licensing Rules for Stablecoin Issuers

30.07.2025
0

The financial regulator of Hong Kong published regulatory documents detailing the licensing and supervision procedures for stablecoin...

Revolutionizing Crypto Mining: XRP Mining Empowers Global Users with Smartphone-Based Cloud Mining

Revolutionizing Crypto Mining: XRP Mining Empowers Global Users with Smartphone-Based Cloud Mining

30.07.2025
SEC’s in-kind approval can spark HUGE $710 billion supply squeeze for Bitcoin ETFs

SEC’s in-kind approval can spark HUGE $710 billion supply squeeze for Bitcoin ETFs

30.07.2025
Growing Popularity of Ethereum in Corporate Crypto Treasury Reserves

Growing Popularity of Ethereum in Corporate Crypto Treasury Reserves

30.07.2025
Bitcoin Price Prediction: OG Whale Dumps 80,000 BTC – And Bitcoin Still Looks Ready to Blast Higher

Bitcoin Price Prediction: OG Whale Dumps 80,000 BTC – And Bitcoin Still Looks Ready to Blast Higher

30.07.2025
  • All news
  • Altcoins
  • Bitcoin
  • Blockchain
  • Ethereum
  • NFT
  • Analysis
Editor: cryptomediaclub.com@gmail.com
Advertising: digestmediaholding@gmail.com

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

No Result
View All Result
  • All news
  • Bitcoin
  • Ethereum
  • Altcoins
  • NFT
  • Blockchain
  • Analysis

Disclaimer: Information found on CryptoMediaClub is those of writers quoted. It does not represent the opinions of CryptoMediaClub on whether to sell, buy or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk.
CryptoMediaClub covers fintech, blockchain and Bitcoin bringing you the latest crypto news and analyses on the future of money.

© 2023 Crypto News. All Rights Reserved

wpDiscuz