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TLDR
- The SEC has approved Bitcoin ETFs in a landmark decision for the crypto sector.
- Experts believe Ethereum Classic (ETC) could surpass the $30 price mark in 2024 as the market soars.
- Rebel Satoshi (RBLZ), sharing the same revolutionary ethos, is expected to outshine new ICOs amid the market upswing.
The SEC has finally given the green signal to pending Bitcoin ETF applications. Meanwhile, experts believe that two coins, Ethereum Classic (ETC) and Rebel Satoshi (RBLZ), could see the highest gains as the market responds to the news.
Read on as we analyze the current market situation and discuss the latest around BTC, $RBLZ, and ETC to pick the best crypto to invest in!
SEC Approves Bitcoin ETFs in a Landmark Decision for the Crypto Sector
On January 10, 2024, the crypto landscape witnessed a groundbreaking moment as the US SEC granted approval for the world’s first Bitcoin ETF.
This landmark decision marked a pivotal moment for the industry, with the SEC greenlighting 11 applications from major players such as BlackRock, Invesco, Ark Investments/21Shares, VanEck, and Fidelity.
Despite concerns raised by some officials and investor advocates regarding the associated risks, the SEC’s approval signals growing acceptance and recognition of Bitcoin as a legitimate investment instrument.
In response to this significant development, the price of BTC experienced a considerable surge of 16.7% over the past week. The BTC price rose from $40,813.53 to $47,647.22. This BTC surge could be a signal of a potential market upswing.
Looking ahead to 2024, experts are optimistic about BTC’s future price trajectory. Predictions suggest that the BTC price could surpass the $80,000 mark, reaching $80,676.70, driven by speculations of an upcoming bull run catalyzed by the recent approval of the spot Bitcoin ETF.
However, a more bearish forecast indicates that BTC’s price may stay below $65,341.95 in the event of a shift in market sentiments toward bearish trends.
ETC Trading Volume Soars by Over 340% Amid Bitcoin ETF Approval
On January 11, 2024, Ethereum Classic grabbed the crypto community’s attention with a remarkable 344% surge in its 24-hour trading volume, reaching an impressive $2.6 billion, as reported by CoinMarketCap.
This surge unfolded in the aftermath of the US SEC’s approval of Bitcoin ETFs, signaling a striking uptick in interest and activity within the Ethereum Classic ecosystem.
The surge in Ethereum Classic’s trading volume had a remarkable impact on the price of Ethereum Classic’s native token, ETC, witnessing a substantial 35% increase over the past week, surging from $19.48 to $26.31. So, is ETC the best crypto to buy now?
Looking ahead to 2024, experts in the crypto space are optimistic about Ethereum Classic’s future price trajectory. Predictions indicate that the ETC price could surpass the $30 mark, reaching $34.60, driven by speculations of an upcoming bull run.
However, it is essential to consider more conservative forecasts, which suggest that ETC’s price may stay below $29.05 in case the bearish sentiments overtake the market.
$RBLZ Surges by 124% While the SEC Approves Bitcoin ETFs
In the wake of the SEC’s landmark decision to green-light Bitcoin ETFs, the cryptocurrency market is witnessing significant shifts, with certain tokens experiencing a major surge. Among these, $RBLZ, the native token of Rebel Satoshi, has seen a remarkable upswing, surging by 124% and becoming the top ICO choice of investors.
With its unique approach to the crypto world, Rebel Satoshi is capitalizing on the changing market dynamics. Rebel Satoshi’s mission, inspired by the revolutionary spirits of Satoshi Nakamoto and Guy Fawkes, is to challenge and decentralize the traditional financial system.
$RBLZ stands out among new ICOs for its spectacular presale performance. Rebel Satoshi ventured into its presale at $0.01 per $RBLZ in the Early Bird Round. It then quickly soared by 124% to achieve a price of $0.0224 per $RBLZ in the ongoing Monarchs Round 4.
So far, Rebel Satoshi has raised over $1 million in funding so far during its presale to emerge as the best ICO.
Rebel Satoshi is now poised for 150% growth as it prepares for its DEX launch in February at $0.025 per $RBLZ. Interested investors can head to Rebel Satoshi’s website and buy $RBLZ tokens using Bitcoin and 50 top crypto coins!
For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram
Source: https://finbold.com/breaking-these-two-coins-experience-major-surge-following-secs-green-light-for-bitcoin-etfs/