Bitcoin's recent run has been marked by significant price swings following the approval of multi-spot Bitcoin ETFs, leading to both optimism and uncertainty among traders.

According to recent data, BTC recently fell below $42,000 from a 24-hour high of $46,000. However, the coin has slowly climbed to its current price of $43,000.

Price Volatility After Bitcoin ETF Approval

The cryptocurrency community had high expectations before the approval of Bitcoin ETFs. However, following the approval, the price of Bitcoin experienced unexpected volatility. Some key factors contributing to this volatility include:

Speculation fizzles: Before the approval of the ETF, there was heavy speculation in the market. Many expected Bitcoin to surge to $55,000 after approval, but this did not materialize.

Correction due: Bitcoin has seen a remarkable rally from a low of $15,400 to $49,000 thanks to ETF-related FOMO (fear of missing out). As a result, a correction was deemed natural, potentially triggering a “news sell-off” event for those who had purchased Bitcoin at lower prices.

Shifting to Ethereum (ETH): Interestingly, some investors are moving their funds from Bitcoin to Ethereum.