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Topics include Bitcoin's price and potential new highs, different types of crypto investors, ongoing speculation about a Bitcoin ETF, ambiguity surrounding new crypto legislation, and upcoming test net upgrades for Ethereum.
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- Approval of a spot Bitcoin ETF is imminent, adding accessibility and legitimacy to the cryptocurrency market.
- New tax reporting obligations for crypto transactions have caused confusion and uncertainty among users.
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Bitcoin ETF Approval Expected Soon
Industry experts believe that the approval of a spot Bitcoin ETF is imminent, with several Bitcoin ETFs set to be approved by next week. This comes after recent rumors that the SEC may reject all Bitcoin spot ETFs were quickly dismissed. The approval of a Bitcoin ETF is seen as a positive development for the industry, providing more accessibility and legitimacy to the cryptocurrency market.
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