Bitcoin’s price has reached $37,000, the highest level since May 2022, due to optimism around the approval of a spot bitcoin ETF. Ether’s price has also increased by 1.6% in the past day. Experts are optimistic about the upward momentum of the cryptocurrency market and its attraction to institutional investors. In other news, the Securities and Futures Commission CEO believes blockchain technology can positively disrupt financial markets, and the EBA has outlined risk management guidelines for stablecoin and cryptocurrency issuers. Additionally, a banking giant plans to collaborate with Metaco to custody tokenized assets for institutional clients.
AI Sentiment: Positive