Bitcoin regains 40,000, pushed by London hard fork and possible bitcoin ETF

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Bitcoin is trading higher on Thursday against the dollar after investors welcomed the staging of the London hard fork with relief and with enthusiasm rumors that a new bitcoin ETF could be taking shape in the United States.

The excitement about a possible futures ETF in the United States came after the director of the SEC, the regulator of investment assets in the country, said that he would be more willing to approve a bitcoin ETF if it were based on futures.

Shortly after the declaration, several companies, including Invesco and ProShares, applied to obtain licenses for ETFs based on bitcoin futures.

On the other hand, Ethereum is also trading higher, and this time it is pushing the digital currency market higher.

The London hard fork has been activated and is working properly. Although this fork is number 11 on the Ethereum platform, experts say that it will mark the future of the platform as it makes transactions more volatile and costs more predictable.

In that environment, BTC / USD is trading higher on Thursday and after finding solid support at the 38,000 area, the pair has jumped to trading above 40,000 and 41,000. Then the unit has reached highs since the first of August at 41,840.

Right now, BTC / USD is being priced at 41,180, which is a 2.45 percent increase on the day.

This article was originally posted on FX Empire

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