What Has Happened To Bitcoin (BTC) Since Its ETF Approval?
The recent approval of 11 spot Bitcoin ETFs by the United States Securities Exchange Commission (SEC) has created a buzz in the cryptocurrency market. However, despite the anticipation of a surge in Bitcoin price, the flagship cryptocurrency has yet to rally. In the past week, the price of Bitcoin has fluctuated between $41,753.68 and $48,494.62, with significant selling pressure around the $48k level. Despite this, analysts remain bullish on Bitcoin, with all eyes on the upcoming Bitcoin halving event. Analysts predict a potential surge to $50k and even $100k in the long run.
Exclusive Access: Unlock Premium, Confidential Insights
Unlock This Exclusive Content—Subscribe Instantly!