Bitcoin jumps 6% to levels exceeding $46,600

Bitcoin jumped 6% during January 9 trading as investors awaited potential regulatory approval of a US Bitcoin exchange-traded fund this week.

In mid-trading on Tuesday, January 9, the price of Bitcoin reached more than $46,600, after recording $46,840, i.e. the highest level since April 2022.

The number of Bitcoins mined in the world reached 19,593,568 Bitcoins, compared to the number of Bitcoins available for mining at 21 million Bitcoins, which makes investors feel that the last of them will be mined, which means a jump in prices, although studies indicate that the last Bitcoins will be mined in 2140. .

Grayscale, Blackrock and other Bitcoin ETF issuers have submitted final updates to the US Securities and Exchange Commission, including key fee disclosures, which has strengthened investor confidence that the likelihood of approvals is high.

The US Securities and Exchange Commission (SEC) is approaching its first deadline to approve or deny an ETF application – the Ark 21Shares application on Wednesday, January 10, and the agency is widely expected to approve several applications at once to achieve equality.