The cryptocurrency market evidenced an upward correction this Thursday morning, amid growing speculation about the approval of a spot Bitcoin ETF in the United States (US).
According to reports, the companies requesting this investment tool held close conversations with the US Securities and Exchange Commission; which investors view favourably and interpret as progress in the regulatory process.
Faced with a context in which the largest cryptocurrency exchange ( Binance ) faces legal charges, trust is still maintained within the ecosystem and market oscillators are located around a zone of greed.
Bitcoin (BTC), the oldest and most popular cryptocurrency on the market, registered a price increase of 2.5% in the last 24 hours, reaching around $37,443.
While BTC’s market capitalization rose by more than 2%, the trading volume of the star token fell 24% according to Coinmarketcap, the site specialized in tracking crypto assets.