Bitcoin price exceeded $8000 mark

Another historic maximum reached; is $10000 mark close? 
17 November 2017   1078

On the night of 16-17 November, the price of first cryptocurrency exceeded the $8000 and reached another all time high.

Bitcoin price chart
Bitcoin price chart

In just four days, price of "digital gold" was restored after a recent deep dump.

The current capitalization of bitcoin almost reached $ 130 billion; the dominance index is 57.5%. The first crypto currency is still more popular than all altcoins combined. Since the beginning of this year, the price of bitcoin has grown about eight times.

A $7000 mark was reached 2 weeks ago. At the moment of press, average Bitcoin price got corrected and now is $7869.27. 

SEC to Start VanEck-SolidX BTC-ETF Consideration

Starting today, the 45-day countdown to the SEC initial decision was launched
20 February 2019   98

For the first time since August of last year, two proposals on the creation of a Bitcoin-ETF are under consideration by the US Securities and Exchange Commission (SEC).

The application of VanEck and SolidX, issued in cooperation with the Cboe BZX exchange, as expected, was included in the Federal Register issue this Wednesday, with which the 45-day countdown to the SEC initial decision was launched. The application of Bitwise Asset Management and NYSE Arca was published last week.

I … hope that our investment in regulatory and market education, hard work and commitment will be honored when the time comes.

Gabor Gurbacs

Director of digital asset strategy, VanEck

The head of Bitwise’s research department, Matt Hogan, believes that not only firms that have submitted bids to create Bitcoin-ETFs are looking for approvals, but and the entire “extremely fast-growing” crypto industry.

A year ago there was maybe one qualified crypto custodian … and now there are half-a-dozen, and that number will go up from here. A little more than year ago, we didn’t have futures. A year ago we didn’t have nearly as many firms making markets. A few months ago, you didn’t have folks like Fidelity announced in the space. It’s evolving really, really quickly.

Matt Hougan

Global head of research, Bitwise

 As reported, ultimately, however, a bitcoin ETF approval will depend on how companies approach their proposals.