Bitcoin ETF

Bitcoin

<ul> 
 <li><strong>At the time of writing, Bitcoin is trading at $43,260, up 5.40% in the last 24 hours.</strong></li> 
 <li><strong>If the price manages to go above $43,280 level, then it will likely test $43,510 resistance level.</strong></li> 
</ul> 
<p>Q4 2023 saw record highs across the board for digital asset markets as institutional investors amplified their bullish positions in preparation for the anticipated approval of a spot Bitcoin ETF in the U.S.&nbsp;</p> 
<p>Increased optimistic mood prompted by several reasons contributing to good on-chain metrics is detailed in a new analysis on cryptocurrency performance from CCData, which was issued for Q4 of last year.&nbsp;</p> 
<p>Ending the year strongly, daily trading volumes increased by 33.9% as additional money entered the markets. With a record high of $659.5 million, the daily trading volume for cryptocurrency products reached a new high since January 2022.</p> 
<h3 class="wp-block-heading" id="h-highly-anticipated-event">Highly Anticipated Event</h3> 
<p>On January 10th, the United States <a href="https://thenewscrypto.com/mark-cuban-slams-sec-and-calls-for-improved-crypto-regulation/" target="_blank" rel="noreferrer noopener">SEC</a> must decide whether or not to approve Ark 21 Shares’ application. There are over a dozen petitions still pending approval or rejection by the SEC, and this day is likely seen as the last chance for either.</p> 
<p>A surge of filings and ongoing discussions between SEC employees, exchanges, and would-be issuers are few of the many indicators that an approval is likely imminent.</p> 
<p>At the time of writing, <a href="https://thenewscrypto.com/peter-schiff-cautions-on-potential-risks-of-spot-bitcoin-etf-approval/" target="_blank" rel="noreferrer noopener">Bitcoin</a> is trading at $43,260, up 5.40% in the last 24 hours as per data from CoinMarketCap. Moreover, the trading volume is up 18.25%. The price has briefly rebounded after witnessing a flash selloff yesterday.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-full">
  <img decoding="async" width="630" height="380" src="https://thenewscrypto.com/wp-content/uploads/2024/01/BTC_7D_graph_coinmarketcap-1.png" alt="" class="wp-image-88588" srcset="https://thenewscrypto.com/wp-content/uploads/2024/01/BTC_7D_graph_coinmarketcap-1.png 630w, https://thenewscrypto.com/wp-content/uploads/2024/01/BTC_7D_graph_coinmarketcap-1-300x181.png 300w" sizes="(max-width: 630px) 100vw, 630px">
  <figcaption class="wp-element-caption">
   Source: <a href="http://CoinMarketCap.com" target="_blank" rel="noreferrer noopener nofollow">CoinMarketCap</a>
  </figcaption>
 </figure>
</div> 
<p>If the price manages to go above $43,280 level, then it will likely climb further to test $43,510 resistance level. On the other hand, if the price manages to go below $42,240 then the price will likely decline further to test $41,870 support level.</p>

Bitcoin Price Briefly Recovers After Recent Flash Selloff

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TheNewsCrypto

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