Where Will Bitcoin Price Head in January 2024, $50k or $35k?

The crypto market has been highly volatile since the onset of 2024 mainly wavering to the market sentiment toward spot Bitcoin ETFs. On January 3rd, a majority of major cryptocurrencies witnessed a significant sell-off as Matrixport recently emphasized in a report that the U.S. Securities and Exchange Commission (SEC) might deny the approval of spot Bitcoin Exchange-Traded Funds (ETFs).