šŖ 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 ETFsā¦ Bitwise Asset Management filed for the Bitwise Bitcoin Standard ETF with the SEC. š
This ETF will focus on companies with significant Bitcoin reserves or those generating substantial revenue from Bitcoin-related activitiesāa concept rooted in the "Bitcoin standard." If approved, this could bring more institutional money into the ecosystem and attract investors seeking indirect Bitcoin exposure. š
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? š
