๐ช Bitcoin Market Update
Bitcoin recently dipped to $94,327, down about 2%, trading between $93K and $97K. This slight bearish correction comes after a bullish period, but the sentiment remains cautiously optimistic, thanks to growing institutional interest and buzz around Bitcoin ETFs.
Speaking of ETFsโฆ Bitwise Asset Management filed for the Bitwise Bitcoin Standard ETF with the SEC. ๐
This ETF will focus on companies with significant Bitcoin reserves or those generating substantial revenue from Bitcoin-related activitiesโa concept rooted in the "Bitcoin standard." If approved, this could bring more institutional money into the ecosystem and attract investors seeking indirect Bitcoin exposure. ๐
With Bitcoin holding its ground and ETF developments on the horizon, the market could see increased volatility soon. Will we see a breakout or a deeper correction? ๐
