Hey everyone this is lucky ali. Bitcoin price is not showing a moves and it seems like good news can push the price of bitcoin but there is possibility that security exchange comission playing a game here. ETF arppovals can bring the greenary in the market. Bitcoin price is moving between 29k to 31k for a long time.

Deadline Extended For The Bitcoin ETF Approbal Of ARK

This is a main update of today and if this ETF had been approved, the price would have been gone up. Beause we need any solid news that can take market to anther level. There was a chance that ARK investment ETF application will approved first. However, SEC delayed the ETF approval of ARK. That means SEC want to think more about it. It is difficult to understand that SEC can give the approval in futures trade with 2% leverage then why they are facing issue in spot. So the problem is public opinion they want to know little more opinions of public.

So according to sources within 2 days this opinion will come out so it seems like within 2 days we will know about the decision. Blackrock is the big firm but they are not thinking about and there is no decision about blackrock ETF approval. ARk is the company of cathie wood that saved coinbase once in the past by buying share of coinbase. Then they sold share and invested in bitcoin. There are 9 ETF applications are pending and if SEC even approve one application then positivity will come back in the market. We will see positivity in other coins as well but first btc should return in positive mode. Now let's see what will happen.

Bitcoin Price and Tax Exemption for the miners

Tax exemption is the thing that everyone wants in the crypto community however not everyone is lucky. You can see some countries implemented higher tax on cryptocurrency and treating as a gambling like indian government did. But in the US, miners will get exemption on tax. Miners are the important aspect of the crypto community so in a way this is good news. Now when it comes to the bitcoin price then this is not a big news that will effect market positively.

For the positivity we need at least one ETF approval. I don't think that SEC will reject all the ETF applications. Sooner or later we will see the result of these applications and ETF approval will push the price of bitcoin. Right now this is the accumulation time so focus on that and hold your assets. do not forget to share this post on social media and if you have something to ask then do a comment below.

Thank you, everyone.

Lucky Ali

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		Hi I am lucky ali from gujarat, india. I am a crypto enthusiast, blogger, and SEO developer. I am always interested to learn new things and getting new experiences. You can find me on hive, twitter and discord (Lucky Ali#6343). Sharing is caring, Thank you hive family ♥

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