😁 BTC hits 52 week high

BTC broke above $35,000 tonight. BTC is currently trading at $34,000.

Possible reasons for the increase:

🔴 BlackRock's proposed spot Bitcoin ETF, iShares Bitcoin Trust, has appeared on the Depository Trust and Clearing Corporation's list under the ticker IBTC.

🔴Rumors that the SEC is communicating with potential issuers of Bitcoin ETFs.

🔴 Issuers are updating their Bitcoin ETF applications.

🔴 A judge ordered the SEC to reconsider Grayscale's spot ETF application.

🔴 SEC Commissioner Hester Pierce said in an interview with CNBC: “I have always been puzzled by the logic of why we do not approve Bitcoin ETFs.”

🔴 Yesterday Coinbase announced that today they will provide a final answer in the case with the SEC.