Cryptocurrencies Price Prediction: Bitcoin, SEC & Crypto – European Wrap 31 January
|Bitcoin Weekly Forecast: BTC in positive tone ahead of third highest-returning month
Bitcoin (BTC) price hovers around $104,000 on Friday after bouncing off its 50-day Exponential Moving Average earlier this week. A K33 Research explains how Nvidia’s big drop in stock valuation this week, driven by DeepSeek, affected Bitcoin’s price. While BTC ended January positively, with over 11% gains, historical returns data shows that the biggest cryptocurrency by market capitalization generally yielded the third-highest monthly returns for traders in February, averaging 15.66%.
SEC fast-tracks approval for bitwise Bitcoin and Ethereum ETF
The SEC has fast-tracked approval for Bitwise’s Bitcoin and Ethereum ETF in just 45 days, skipping the usual 240-day review process.
The U.S. Securities and Exchange Commission (SEC) has granted fast-track approval for Bitwise’s spot Bitcoin (BTC) and Ethereum (ETH) Exchange-Traded Fund (ETF), significantly shortening the usual review process. The approval was given just 45 days after the filing, bypassing the standard 240-day period.
Crypto: Quiet recovery
The crypto market has increased by 0.4% to $3.57 trillion over the last 24 hours but is still 1.4% below last week's levels. Cryptocurrencies are slowly and rather erratically climbing out of the dip they fell into on Monday. The market remains sensitive to negative news but is recovering cautiously, avoiding excessive optimism.
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