Bitcoin Breaks $35K Barrier After SEC Eases Crypto Rules
According to *BlockBeats*, Bitcoin (BTC) has surged past the $35,000 mark, reclaiming levels last seen before the U.S. Securities and Exchange Commission (SEC) proposed stringent crypto custody rules in September. This rally follows the SEC’s updated guidance allowing regulated banks to custody digital assets, easing fears of institutional exclusion.
Analysts attribute the rebound to renewed institutional interest, with firms like BlackRock and Fidelity accelerating Bitcoin ETF filings. Binance data shows a 40% spike in BTC derivatives trading volume, signaling bullish sentiment.
