While Bitcoin is rallying forward with consistently recorded gains, majority altcoins including Ether, Cardano, and Dogecoin, among others, have also registered gains in the last 24 hours. Only a handful of crypto-coins open with dips, but only marginal.
The US Securities and Exchange Commission (SEC) has been consistent in its stance against Bitcoin-linked ETFs, claiming that they were subject to market manipulation, but asset management firms are not worried.
With news of the Bitcoin exchange and the upcoming launch of the Bitcoin Futures ETF, the cryptocurrency s position looks strong enough to surpass previous all-time high.
Bitcoin s valuation has doubled since its late July low and has surged to levels close to its all-time high, but the cryptocurrency is inching closer to overbought territory.