The crypto market is experiencing a surge as the SEC deadline approaches for BTC-spot ETF amendments approaches on December 29.

Bitcoin retargets $44,000 before the SEC deadline

Bitcoin (BTC) gained 2.11% on Wednesday, partially reversing a 2.67% loss, driven by market bets on SEC approving BTC-spot ETFs and the December 29 deadline for amended S-1s.

MicroStrategy acquires more BTC before BTC-spot ETF launch

MicroStrategy acquired 14,620 BTC for $615.7 million, a move ahead of the SEC deadline and approval window, highlighting the company’s bullish outlook on BTC.

Bitcoin Analysis

BTC holds above 50-day and 200-day EMAs, signaling bullish price signals. A return to $44,000 could lead to a run at $44,690 resistance.

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Ethereum Analysis

ETH remains above 50-day and 200-day EMAs, indicating bullish price signals. Break above $2,446 supports breakout from $2,457 resistance, while a drop below $2,400 could bring $2,300 support.