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Bitcoin Hits 21-Month High as ETF Approval Sparks Optimism
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Bitcoin reaches a 21-month high of $45,922, indicating a positive market outlook. The approval of exchange-traded spot bitcoin funds (ETFs) is expected to attract new investors and improve liquidity. However, JPMorgan analysts suggest that existing funds are likely to shift from current bitcoin products to ETFs.
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How might the approval of ETFs impact the overall cryptocurrency market?
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What factors contribute to the recovery of the crypto market?
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