Will spot Bitcoin ETF be approved or denied on 10th Jan.?
The cryptocurrency market experienced a sharp decline as Bitcoin plummeted to $43,000, erasing most of its gains achieved on Tuesday. This downturn led to a significant drop in crypto-related stocks $Marathon Digital Holdings Inc(MARA)$ $Riot Blockchain, Inc.(RIOT)$ on Wednesday. The decline was prompted by some concern that SEC wouldn’t approve an ETF this year as expected by many bitcoin bulls.Matrixport analyst Markus Thielen stated that the SEC would reject all Bitcoin spot ETF proposals this month as these applications still lack essential components necessary for SEC approval.Adding to the market's apprehension were insights gleaned from the latest FOMC minutes. These minutes rev