As the eagerly awaited Bitcoin (BTC) exchange-traded fund (ETF) verdict approaches, excitement and anticipation continue to grow in the cryptocurrency market. According to a report by K33 Research, the upcoming decision, expected between January 8 and January 10, has been a significant factor behind Bitcoin’s positive momentum since October. Institutional demand remains robust, with traditional investors strongly interested in adding long BTC exposure. Bitcoin Set For Bullish December? Bitcoin has displayed a notable tendency to surge higher in the lead-up to major events, creating a sense of enthusiasm and driving prices upward. This phenomenon has been observed across various significant milestones in the cryptocurrency’s history. According to the report, examples include Bitcoin’s peak coinciding with the launch of the Chicago Mercantile Exchange’s (CME) BTC futures in 2017, its spike coinciding with Coinbase’s public listing in April 2021, and its peak on the day El Salvador declared Bitcoin legal tender in September 2021. Similarly, Bitcoin reached its peak on the date of VanEck’s spot ETF deadline in November 2021. These instances highlight the potential for Bitcoin to experience si ..
Support the originator by clicking the read the rest link below.
