Bitcoin is worth around $43,850 today, with its price consolidating ahead of the key spot ETF decision in the U.S.
Bitcoin’s (BTC) price has been intensely scrutinized as investors and analysts watch for signs of its next major move.
As of Jan. 5, BTC’s price was stabilizing around $43,850 after a 4.75% drop from its local high, suggesting a cautious market awaiting decisive moves.
The drop appeared amid rumors of U.S. regulators rejecting a round of spot exchange-traded fund (ETF) applications, which have been a critical point of focus for the crypto community.