Crypto Price Today: Profits Take Over Crypto Charts as 11 BTC ETFs Bag Historic Approval in US
Bitcoin on Thursday, January 11 minted a small profit and continued trading at the price point of $46,331 (roughly Rs. 38.4 lakh). In a historic development, the US SEC finally gave the green signal to 11 Bitcoin ETF applications that include Blackrock, Fidelity, and Invesco among others. This has ushered in an excitement-induced sentiment among the global crypto community even though Bitcoin did not show an immediate reaction to the development. Profits are beginning to seep onto the price chart in the backdrop of this development. Ether minted a profit of 9.99 percent on Thursday. With this, the value of ETH has touched the price point of $2,606 (roughly Rs. 2.16 lakh). This is a 20-month high for Ether. “The decision to greenlight 11 spot Bitcoin ETFs reflects a growing acceptance and recognition of digital assets within traditional financial markets. This move is expected to bring about increased adoption, liquidity, and overall market maturity. It also signifies a shift in the perception of cryptocurrencies from a niche asset class to one that is gaining mainstream …