Arbitrum Price Prediction As Reversal Pattern Hints a Rally to $3

The crypto market experienced a sharp downturn on January 3rd, with most major cryptocurrencies painted red. Bitcoin, the leading digital currency, suffered a significant blow, dropping 6-7% to retreat to the $43,000 level. This decline is widely believed to be a reaction to the potential denial of the SPOT Bitcoin ETF by the US SEC, a concern recently underscored by Matrixport, a digital financial services platform.