Bitcoin Price Prediction Post Spot ETF Approval, Is $60k Target Possible For BTC?

The crypto community finally received the news they have been waiting for, for more than a decade, as the Securities and Exchange Commission (SEC) approved 11 spot BTC ETF applications, including BlackRock (IBIT), Grayscale (GBTC), and Ark Invest (ARKB). Although the Bitcoin price reaction has been noticeably lethargic, altcoins led by Ethereum moved significantly, suggesting that investors diversified their approach to minimize the risk of a sell-the-news occurrence.