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A potentially very volatile week ahead for Bitcoin as SEC ruling looms

Very early on Friday Morning Bitcoin fell to a low at 42,565. The rebound that has followed since then has seen the lead cryptocurrency rise back above 44k, peaking yesterday at 44,498. However it has to reclaim the high seen on Thursday, at 44,792. Earlier this morning, BTC dropped to a session low at 43,263, but in the past few minutes it has spiked higher again and risen to a high at 44,263. It is off that high just now though. The recovery from the 40,968 low seen last Wednesday has seemingly put that drop in context for what it was. However, that is not to rule out another slide, if the US SEC delivers a negative ruling on the eagerly anticipated granting of an ETF licence for BTC. That ruling is said to come as early as tomorrow, or perhaps on Wednesday and we should expect some serious volatility once the outcome of that is known. Bitcoin is currently trading at 44,030 
 

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