US Senate votes to strike SEC’s crypto rule, BTC ETFs hit 7-week volume highs

Bitcoin has enjoyed a positive 24 hours, with a huge spike in volume for U.S.-based spot Bitcoin ETFs not seen since the cryptocurrency’s all-time high in March. However, BTC is consolidating, and analysts explain why the longer it goes on, the more fuel the rocket has when Bitcoin breaks out! Meanwhile, the U.S. Senate voted to squash the controversial SEC rule on banks interacting with crypto, but will President Joe Biden veto it? Carve just 15 minutes out of your day to get up to speed on all this and much more.

Further reading:

• Bitcoin ETF volumes hit 7-week high as BTC price nears $67K
• Bitcoin ‘could’ consolidate for ‘4 or 5 months,’ but big cup and handle looks promising — Analyst
• US Senate passes resolution overturning SEC crypto rule on banks
• Binance develops ‘antidote’ to address poisoning scams after $68M exploit
• Tether, TON team up with mobile app for USDT-to-fiat transactions

So, grab yourself a coffee, and let’s get into it!

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