Bitcoin’s (CRYPTO: BTC) market capitalization has surged by 160% in 2023, an increase of $530 billion, after suffering a $1.5 trillion depreciation the previous year. What Happened: The remarkable rise was spurred by investor optimism that U.S. regulators might soon approve the first Bitcoin-focused exchange-traded fund or ETF. The decision, expected by Jan.10, could cause a “demand shock” in the market, according to Michael Saylor, co-founder of MicroStrategy Inc. (NASDAQ:MSTR), reported Bloomberg. According to Saylor, “the approval of the spot ETFs is going to be a major catalyst, it’s going…

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