The cryptocurrency markets had waited years for the SEC to approve a spot Bitcoin ETF. In late 2017, Bitcoin began trading on the Chicago Mercantile Exchange (CME), ushering in the first regulatory validation of the leading cryptocurrency. Bitcoin prices had been rallying into the January 10 announcement, reaching over $49,000 per token on January 11, the highest price since December 2021. However, prices have decreased after eight spot ETFs began trading, as the approval came with no endorsement and many warnings. Bitcoin rallies from the 2021 lows Bitcoin exploded to a record high of $68,906…

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