During the week, Bitcoin has risen by $ 1,000

On 24 July, Bitcoin continued to grow sharply. The Bitcoin price reached $ 8475, although only in the morning, it exceeded the mark of $ 8,000.

The market capitalization of the coin has exceeded 142 billion dollars. The market dominance of the cryptocurrency has reached its highest mark since December 2017, and now stands at 47.3%.

The $ 7,500 mark was surpassed by the Bitcoin at the weekend, but just a week ago, the cryptocurrency exceeded $ 7,000.

The Bitcoin value is affected by the negative cryptocurrency forecasts, as well as the Bitcoin-ETF expectations. The near-standing sources of the US Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC) claim that both regulators “have almost decided” to approve the creation of this fund. One of the sources indicates that a positive decision can be expected already in September. Are these just speculations or not, time will show. The source adds that until the approval of the investment funds, the commission will adopt the laws which will largely focus on the rules for implementing ICO.

On 9 July, the Chicago Board Options Exchange (CBOE) sent SEC a current application for the opening of the Bitcoin-ETF. The Securities and Exchange Commission has already rejected such applications on several occasions on the grounds that Bitcoin is an unregulated currency, but the situation was changed by the statement of the head of its subdivision that this coin is not a security. It is believed that the new fund will sell SolidX shares, each of which will cost 25 BTC.