“Bitcoin Plunges Below $40k as Spot ETF Excitement Fades”

Bitcoin prices fall to seven-week low as excitement over ETFs wanes. Despite SEC approval, bitcoin's performance has been lackluster and spot ETFs have experienced declines since their listing. The U.S. dollar's resilience and anticipation of interest rate hikes have contributed to the cryptocurrency's downturn. SEC Chairman expresses ongoing concerns about crypto risks. Traditional financial markets, like U.S. equities, have rallied.