Summary of this crypto day:
- Bitcoin spot ETF approval expected this week, BTC is at its highest since April 2022 at 45.5k
- Then we are pushed to believe that approval will be delayed beyond January (Matrixport)
- BTC dumps to 40k and takes altcoins with it at -10/-15% on average
- Finally the Bloomberg analyst denies since no source confirms this report
- SEC holds meeting with NASDAQ, CBOE and NYSE to finalize final details before verdict
- Rumor has it that SEC commissioners are mostly in favor of approval
- We learn from Fox that approval should be notified on Friday for transactions to begin on Monday
- BTC is slowly rising but still in the red
In short, what a great start to the year, welcome to crypto !