Bitcoin’s price experienced a dip, slipping 0.36% to $45,256 after reaching a 21-month high, impacting the global crypto market cap, which fell to $1.73 trillion. This decline raised concerns among investors, but anticipation of the US Securities and Exchange Commission (SEC) approving a spot Bitcoin exchange-traded fund (ETF) by January 10 has led to speculation about a potential new crypto bull market. Despite Bitcoin’s pullback, its 24-hour trading volume increased by almost 28% to $32.7 billion. Ethereum, the second-largest cryptocurrency, also saw a decline, dropping 0.82% to $2,368, with an increased 24-hour trading volume of over 37% to $11.68 billion. (Source: Coingape)
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