📉 Bitcoin (BTC) retreats to $45,361 on Wednesday, January 3, as capital shifts towards the US dollar. The US Dollar Index surges on Asian markets, influencing European traders to adopt a similar strategy. BTC, nearing $46,000 on Tuesday, faces a dip due to the US stock market decline, causing a capital outflow from the tech sector.

Ethereum (ETH) drops to $2,386, while Solana (SOL) hits $109. On the flip side, Binance Coin (BNB) strengthens over 7% to $322.5.

Over the last 12 months, Bitcoin has soared by 172%. Investor focus is on the potential approval of cryptocurrency ETFs by the US Securities and Exchange Commission (SEC) before January 10, according to Bloomberg Intelligence strategist James Seyffart. K33 Research expresses doubt that the introduction of spot Bitcoin ETFs will lead to a new price peak, anticipating increased selling activity.

Analysts Anders Helset and Vetle Lunde highlight an 80% likelihood of a sell-off, with only a 20% chance of a rally post-legalization of crypto funds. 📊📈 #CryptoMarketUpdate #Bitcoin #BTC