Bitcoin, how far can its rise reach ?

Bitcoin continues to rise steadily, reaching a six-month high of $ 60,000, backed by investor optimism.

The upbeat mood is reinforced by the information that the United States wants to approve the first Bitcoin ETF and the comments of Russian President Vladimir Putin.

 He stated that he believes cryptocurrencies have value but is still determining if they can replace oil trading dollars.

The world's largest cryptocurrency trades at $ 59,441, up 2.5%.

The US Securities and Exchange Commission (SEC) is reviewing about 40 applications for Bitcoin ETFs with multiple deadlines next week.

According to Bloomberg, the regulator is expected to approve some, paving the way for the start of trading. 

The SEC does not need to take any formal action to support it. 

Under federal law, applications can take effect if the Commission allows a deadline to elapse without requesting a change or withdrawal of the application.

Cryptocurrency investors have been waiting for news of the approval of the country's first bitcoin ETF, and in part, the Bitcoin rally in recent months has been awaiting this movie.

They were initially published in Fortune.

This article is for informational purposes only and does not replace specialized consulting services with professional experts.