Bitcoin Hit The Moon As It Broke $60k Today - Will We Keep Flying Towards Mars? Or Burn Up On Re-Entry?

For the first time in 6 months - Bitcoin broke $ 60,000, approaching its all-time high of $64,863.10.

Confidence is growing among investors as rumors hit the market that the US SEC will approve an exchange-traded fund (ETF) based on bitcoin futures as soon as next week.

The previous day teased traders when Bitcoin peaked at $ 57,125 near midnight on Thursday, and left many feeling we were on the cusp of finally crossing $60k again. 

At the time of publishing, Bitcoin sits just 8% away from it's all time high... 

Now the question is: Will crossing the $60k threshold be the warning sign for people sitting on the sidelines to finally take the leap and buy Bitcoin?  Will current traders HODL what they have and buy more?

Or will traders be tempted to take profits now, while the price is close to BTC's all-time high?

We expect to officially know the SEC's decisions on bitcoin futures ETFs on Monday, but so far there's been nothing coming out of the SEC to dispute the rumor - a sign it's likely true.

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Author: Ryan Stewart
Silicon Valley News Desk | Breaking Crypto News