Bitcoin is at an 18-month high amid reports that the US Securities and Exchange Commission (SEC) has a six-day deadline to approve or deny ETFs starting today.
Bitcoin price briefly touched $36,700 during the London trading session on Thursday. Bitcoin’s value has increased about 31% in the last month and 93% in the past year.
In contrast, Bitcoin struck in the following hours and skyrocketed to nearly $37K. After a brief rejection, the asset issued another price increase that took it to the same level late last night.
Grayscale has long had a relationship with the SEC due to the existing Grayscale Bitcoin Trust, but when they sought to launch an ETF that would carry crypto assets directly, the agency refused.
However, Bitcoin miners are smiling as Bitcoin transaction fees reach 5% per month.
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