Bitcoin (BTC-USD) has had a breakout year in 2024, rallying off of a long slump on the Securities and Exchange Commission\'s (SEC) approval of spot bitcoin ETF products.

Now, the crypto community is watching intently on the SEC's next pending decision: approving a spot ether ETF tied to ethereum futures (ETH-USD).

Bitcoin (BTC-USD) has had a breakout year in 2024, rallying off of a long slump on the Securities and Exchange Commission's (SEC) approval of spot bitcoin ETF products. Now, the crypto community is watching intently on the SEC's next pending decision: approving a spot ether ETF tied to ethereum futures (ETH-USD).

Swan Bitcoin Chief Investment Officer Raphael Zagury joins Market Domination Overtime to discuss the outlook on these prominent cryptocurrencies, also commenting on what the 2024 US presidential race could mean for the crypto space and the likelihood of an ether ETF.

“If you look where we are right now in terms of volatility, volatility is fairly low. We're in the 5% I would say bottom decile in volatility times,” Zagury says. “And I think the good news, if the past is any guidance of what could happen in the future, is that periods of very low volatility in bitcoin tend to have offside periods of return, if you look 60, 90 days ahead. But short term, a lot of things can happen in the short-term, traders control the price…”

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

News source：https://www.kdj.com/cryptocurrencies-news/articles/bitcoin-btcusd-breakout-rallying-slump-securities-exchange-commission-approval-spot-bitcoin-etf-products.html

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