This week has been quite eventful in terms of Bitcoin’s price action. In general, the total market capitalization increased by some $20 billion, which came on the back of a slight uptick in BTC. Most of the altcoins are trading in the red, so let’s have a look at what happened.
First things first, Bitcoin is currently sitting at slightly below $44K, registering an increase of 2% for the past seven days. This also makes it the best performer from the top 10… by far.
The week started relatively quietly, but this all changed on the first day of the new year, when the BTC price exploded toward $46K, registering prices not seen in many months. The move was largely driven by the increased expectations of an approval of a spot Bitcoin ETF by the United States Securities and Exchange Commission.
For two days, BTC stayed above $45K, but on January 3rd, the price tanked back toward $42K. The catalyst – a report from Matrixport, stating that most of the spot BTC ETF applications will be r
We współpracy z: https://cryptopotato.com/bitcoin-rollecoasters-above-43k-as-spot-btc-etf-decision-looms-this-weeks-market-update/
