Bitcoin had a strong finish

Bitcoin har en stark avslutning på kvartalet när optimismen växer om att krypto inte kommer att regleras ur existens och eftersom finansiella jättar förblir engagerade i utrymmet. Fokus har legat på ett Bitcoin ETF-godkännande i USA, men det är oklart hur lång tid det kommer att ta att få den uppdateringen, med slutet av sommaren mest troligt.

Bitcoin föll från $31 000-nivån efter att WSJ rapporterade att SEC sa att spot Bitcoin ETF-ansökningarna är otillräckliga. Tillsynsmyndigheten kommenterade BlackRock och Fidelitys ansökningarna.

Bitcoin handlas runt $30 000-nivån, men en ny katalysator behövs för att få fart på hausse över $34 000-nivån.

Bitcoin has a strong finish to the quarter as optimism grows that crypto will not be regulated out of existence and as financial giants remain committed to the space. The focus has been on a Bitcoin ETF approval in the US, but it is unclear how long it will take to get that update, with the end of the summer most likely.

Bitcoin fell from the $31,000 level after the WSJ reported that the SEC said the spot Bitcoin ETF filings are insufficient. The Authority commented on the applications of BlackRock and Fidelity.

Bitcoin is trading around the $30,000 level, but a new catalyst is needed to boost the bullishness above the $34,000 level.

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