#BTC
Around $100 billion has left the crypto market over the past 24 hours as Bitcoin crashed in late trading on Jan. 3.
BTC slumped as much as 8% to bottom out at around $42,000 before recovering to reclaim $43,000 again on Jan. 4.
Many have cited reports and rumors that the highly anticipated pack of spot Bitcoin ETFs will now be reflected by the US Securities and Exchange Commission.
While this remains a possibility, industry experts and analysts are still confident that they will be approved next week.
