In a stark admonishment of recent developments in the cryptocurrency market, the European Central Bank (ECB) has voiced its criticism following the U.S. Securities and Exchange Commission’s (SEC) approval of spot exchange-traded funds (ETFs) for Bitcoin.
Bitcoin is trying to consolidate above the 52K level at the beginning of the new week, after recording the highest weekly close since November of 2021, which represents the fourth consecutive week of gains.
The Bitcoin ETF investment thesis has not played out as expected; Bitcoin has dropped by approximately 10% since the trading of ETFs started on January 11.
There are two scenarios facing the price of Bitcoin (BTC) in the near-term, according to a new analysis from XS.com.
Ethereum has returned to the lower end of the consolidation it spent most of December in.