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The U.S. Securities and Exchange Commission's (SEC) anticipated verdicts on Bitcoin spot exchange-traded fund (ETF) applications are now less likely to trigger a sell-the-news event.
Analyst Vetle Lunde suggests a 75% likelihood of this outcome versus 20% for approval inflows propelling prices higher and 5% for denial.
Bitcoin pushed past $35,000 on Wednesday amid growing fervor for a spot Bitcoin ETF. And analysts see mounting hype as the dominant force that’s pulling…