Bitcoin is at a two-week high

With the effect of the positive atmosphere in the markets, Bitcoin rose again above 50 thousand dollars after 2 weeks. The Bitcoin, which broke a record with 69 thousand dollars in November, was withdrawn for $42 thousand in early December. Continuing to search for direction for a while after the purchases from the bottom, it increased by more than 4 percent in two days and exceeded $51,500. The recent rise has reintroduced bullish expectations into the cryptocurrency markets. Investors focused on the 53 thousand and 55 thousand dollar levels. Ethereum also rose above $4,000 again. Two Bitcoin exchange-traded fund applications were rejected On the other hand, the US capital markets regulator, the SEC has rejected applications for two physically-backed Bitcoin exchange-traded funds (ETFs). The SEC announced that Bitcoin ETF issuance applications by Valkyrie Investments and Kryptoin were not accepted due to their failure to comply with the obligations to prevent fraudulent and manipulative practices. The early announcement by the SEC, which had approved futures Bitcoin ETFs in October, that it should make a decision on these two physically-backed Bitcoin ETFs by January 7, led to comments that it would not be very willing to approve Bitcoin ETFs in 2022. The SEC rejected VanEck's application for a spot Bitcoin ETF issuance in November. The IMF has expressed its concerns about cryptoassets Meanwhile, the International Monetary Fund (IMF) has announced its concerns about the cryptocurrency markets. One of the biggest risks, according to the IMF, is that many individuals and financial institutions that trade in these assets are incapable of 'strong operation, supervision, and risk management'. The IMF stated that consumers are at risk and that there is not enough transparency and openness in this area. It was stated that the use of cryptocurrencies in money laundering or terrorist financing is also one of the risks. In the statement, it was stated that while the cryptocurrency market is growing rapidly, the regulations fall behind it.