Bitcoin Price Steady As Spot ETF Ignites Fresh Buzz, Climb to $50k Imminent or Brace for a Tumble?

The crypto industry is almost reaching the pinnacle of the optimism building towards the approval of spot Bitcoin ETFs. Although this widespread hype sustained the Bitcoin price rally since October to highs above $45,000 in January 2024, BTC was hit by sudden volatility on Wednesday leading to a sharp dive through liquidity at $40,000. The largest crypto had recovered and traded at $43,400 during US business hours on Thursday.