After the US inflation data was better than expected on Tuesday, long transactions in the market were liquidated and Bitcoin rose to $ 34,800. Later, yesterday evening, the US Securities and Exchange Commission SEC once again postponed one of the applications related to the spot Bitcoin ETF, which was deemed likely to be approved.

In a statement made yesterday evening, the SEC announced that it has postponed its decision on Hashdex's application to convert its existing Bitcoin futures ETF into a spot Bitcoin ETF until next year. In another decision, it was shared that Grayscale's Ethereum futures ETF was also postponed to next year. The decisions did not have a negative impact on the market. In general, attention on this issue has turned to spot Bitcoin ETF applications, including giant investment companies such as BlackRock. Recently, there has been a consensus that the SEC will eventually approve this decision, and Bloomberg analysts also have very optimistic expectations that it will be approved in the first quarter of 2024.

TODAY'S MOST RISING CRYPTO COINS
According to Bitay Research Department Analyst Alper Samet Yorak, while the $ 38,000 region once again stands out as an intermediate resistance point for Bitcoin in the short term, this region also stands out as the highest value Bitcoin has reached since May 2022. While the total value of the cryptocurrency market has increased to 1.44 trillion dollars, daily volume data is at the level of 70 billion dollars. Today, on the macro side, Fed member Barr will speak and the application for US unemployment benefits will be received. Although it is not expected to have a serious impact on the market, a high unemployment benefits application data may stand out as data confirming that the Fed has ended the interest rate increase process.
While we started the day with a strong rise with these developments, RNDR, QI, AVAX, AMP and YFI became the most rising cryptocurrencies of the new day.

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